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1. What have Austrians been wrong about in general? 2. What have Austrians wrongly predicted? 3. What have Austrians wrongly predicted that Keynesians have correctly predicted?
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Since it's my first thread I'd like to introduce myself. I'm in the process of brainstorming for a Ph.D. dissertation proposal in the field of International Relations. More specifically Internationl Poltical Economy. Often the Libertarian and Austrian issues we read about focus exclusively...
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I have read and reread Tom Woods’s fantastic book, Meltdown. However, I’m stuck on a question concerning Austrian Business Cycle Theory. In particular, I would like to gain a better understanding of the impact of unutilized productive capacity in a market and its ability to absorb monetary...
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Hi Everyone, This is my first post on this site, and also I've yet to explore the resources and threads contained within. I felt compelled to write here for a few reasons not least because I would like to expand my own understanding of certain issues and also I would liked to be challenged and critiqued...
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http://www.economicpolicyjournal.com/2011/08/fox-news-what-is-austrian-economics-and.html
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In this video, using Ron Paul's own words from his books and interviews, it is shown that Ron Paul's goal is voluntaryism. He adopts limited-government positions and appeals to the U.S. Constitution as part of a long-term strategy for achieving a completely free society, absent any State.
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Is Lean Manufacturing a practical application of Austrian economic theory? Having followed Austrian economics and especially the audio lectures for a couple of years I was wondering what the relationship with lean manufacturing and its underlying ideas would be. My interest stems from being a consultant...
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There is a disturbing trend that I’ve come across lately and that is when, people of anarcho-capitalism persuasion drag down their fellow free-market libertarians and minarchists for not going 'all the way'. Now i personally would say that support the rights-based anarcho-capitalist ideal;...
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Could the statement People Are Ignorant be taken as a praxeological axiom? For this discussion, ignorance can be defined as lacking knowledge and not necessarily a statement about a person's reasoning ability, although it could be argued that this too, is finite. If so, what ramifications could be...
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Over the last three and a half years, after encountering the Ron Paul presidential campaign, I have been trying to learn more and more about Austrian economics. Despite public school education, once I learned what the Fed is, I recalled learning in AP US history about the Continental dollar and needed...