Just recently, California recognised Bitcoin and other digital currencies as valid forms of payment, and Bitcoin prices surged on this … Continue reading “Bitcoin: The Flipside of Money”

Thomas Piketty´s book, Capital in the Twenty-First Century, on growing inequality in capitalism, has become a bestseller. Piketty offers much … Continue reading “How monetary inflation increases inequality”

The title and cover art for Peter Boettke’s latest book Living Economics: Yesterday, Today and Tomorrow are no doubt symbolic … Continue reading “Reviewed – Living Economics: Yesterday, Today and Tomorrow”

In a recent conference held at the IEA, there was much discussion of the Great Recession. How can we interpret … Continue reading “Ahead of the Autumn Statement George Osborne needs to understand the right type of heterodox economics”

In recent weeks, there has been much fuss created by a group of students – supported it would seem by … Continue reading “Mathematical economics ≠ free market, heterodox economics should ≠ Marxism”

Ludwig von Mises was one of the greatest economists and political scientists of the twentieth century. He revolutionised the understanding … Continue reading “Free Market Masters: Ludwig von Mises”

In a must-read article for City AM, Andrew Lilico has taken aim at the ‘cranks’ who claim that orthodox economics … Continue reading “The paradox of prediction”

This important book published by the Institute of Economic Affairs in association with Edward Elgar presents, in a new context, … Continue reading “Socialism, Economic Calculation and Entrepreneurship”

Keynesian economists have an enduring disposition to spend their way out of trouble. This is so even when overspending has … Continue reading “Negative interest rates? Negative!”