Abstract: In her paper “Corporate Risk Evaluation in the Context of Austrian Business Cycle Theory” recently published in this journal, Joanna Kruk aims to investigate how artificially low interest rates resulting from central bank intervention distort individual investment appraisals and

Imagine you are in command of the state, defined as an institution that possesses a territorial monopoly of ultimate decision making in every case of conflict, including conflicts involving the state and its agents itself, and, by implication, the right

Abstract: The new “secular stagnation hypothesis” developed by Lawrence H. Summers attempts to justify why the demand stimulus applied in the aftermath of the global financial crisis failed to revive growth in a satisfactory manner. Building on previous ideas of

Abstract: China is currently the world’s largest installer of wind power. However, with twice the installed wind capacity compared to the United States in 2015, the Chinese produce less power. The question is: Why is this the case? This article

  Restoring the Promise: Higher Education in AmericaRichard K. VedderOakland, Calif.: Independent Institute, 2019, 400 + xiv pp. Timothy Terrell (terrelltd@wofford.edu) is T.B. Stackhouse Professor of Economics at Wofford College and a Senior Fellow at the Mises Institute. Higher education in the United

In case you haven’t noticed, America is “deeply divided.” At least, that’s what a seemingly nonstop stream of headlines from major media sources would have us believe. “Trump Leaves America at Its Most Divided since the Civil War,” reads one

Western countries will adopt (or consider adopting) state-mandated “medical passports”—so-called green passes—meant to prevent covid-19’s spread. They will compel private individuals to carry such passports if they want access to certain facilities or events (restaurants, theaters, concert arenas, etc.), I often hear libertarians—or people just

Abstract: Recent debates in monetary theory have centered on so-called free banking and the role of banks in providing money in the form of fiduciary media in a pure market economy. This paper examines how and to what extent fiduciary

  Monetary Policy after the Great Recession: The Role of Interest RatesArkadiusz SieronNew York: Routledge, 2020, xviii + 230 pp. Nikolay Gertchev (ngertchev@gmail.com) holds a PhD in economics from the University of Paris 2 Panthéon-Assas and currently lives in Belgium, where he