Fraud – Documentary

This is a documentary that is long overdue, written from the perspective of the Austrian School. These are the economists of Business Cycle Theory — the theory that predicted our boom and bust. I invite you to watch this film and make up your own mind. Austrian School views were...

Fraud

This is a documentary that is long overdue, written from the perspective of the Austrian School. These are the economists of Business Cycle Theory — the theory that predicted our boom and bust. I invite you to watch this film and make up your own mind. Austrian School views were...

What The Classical Economists Knew And The Moderns Have Forgotten – Part 4

Hazlitt referred to the great economist Benjamin M. Anderson in the same breath as Mises when saying that both of them had already penned essays that had dealt with the so called “refutation” of Say’s Law by Keynes. We part republish his “Digression on Keynes,” which appeared as...

What The Classical Economists Knew And The Moderns Have Forgotten – Part 3

Today we reproduce a wonderful essay written by Ludwig von Mises for the Oct 30th 1950 edition of The Freeman, and subsequently published in his book Planning for Freedom (1952). Like Hazlitt in my previous post, Mises draws to our attention to the fact that Adam Smith and J B...

What The Classical Economists Knew And The Moderns Have Forgotten – Part 2

On Wednesday, I talked about the forgotten wisdom embodied in Say’s Law. Today, we reprint the chapter called “Keynes vs. Say’s Law” from Henry Hazlitt’s The Failure of the “New Economics” which is a quick read and sheds more light on what the classical economists did and did not...

We Love Terry Smith!

A great letter to the editor of the FT from Terry Smith: Sir, I refer to the debate being conducted in the pages of the Financial Times between those who propose further Keynesian measures, such as Martin Wolf (“Struggling with a great contraction”, August 31), and those who do...