In the early 1960s, Chicago economist Milton Friedman travelled to Hong Kong to meet Sir John Cowperthwaite, the colony’s Financial … Continue reading “Switzerland has no official poverty statistics. So what?”

For those too young to remember, the mid-1970s witnessed the first demise of Keynesian economics as the much-worshipped Phillips Curve … Continue reading “Keynesians now face the final curtain”

It has become increasingly clear that interventionism played a significant role in precipitating the 2008 financial crisis. The Austrian School is more than … Continue reading ““The Austrian School” by Jesús Huerta de Soto”

" You’re gouging on your prices If you charge more than the rest But it’s unfair competition If you think … Continue reading “From barter to prices to interventionism”

Last month the FT’s Martin Wolf asked a simple question, “Does Austrian economics understand financial crises better than other schools … Continue reading “What Austrian business cycle theory does and does not claim as true”

With the opinion polls pointing to a close result and the prospect of a hung parliament, turnout is expected to … Continue reading “Is it worth voting?”

The IEA is delighted that Gary Becker will be giving the Hayek Lecture on June 17th this year. Gary Becker … Continue reading “Gary Becker to give the 2010 IEA Hayek Memorial Lecture”

There is a video doing the rounds at the moment under the name, the “Keynes-Hayek Rap”, although more formally titled, … Continue reading “Loosening the grip of Keynesian thought”

Not enough people know the name of Ludwig von Mises (1881-1973). I hope my new Primer for the IEA will … Continue reading “Ludwig von Mises – A Primer”