Economics is about human action and choice within the context of scarcity. The problem facing economists is how to understand and explain human betterment, which is another way of saying production. The critical question, posed correctly by economist Per Bylund,

Since the last serious outbreak of inflation in the 70s, central banks have conquered this pestilence and have practiced a responsible stewardship over national monetary systems ever since. Due in no small part to the benign inflationary environment that has

Bob has Steve Patterson back on the show, to concede that Steve’s skepticism of higher mathematics was right all along. Specifically, Bob explains how his recent discovery of a theorem from Riemann showed that something is indeed rotten in the

The Dawn of Everything: A New History of HumanityBy David Graeber and David WengrowFarrar, Straus and Giroux, 2021Xii + 692 pages The Dawn of Everything, which has already attracted much scholarly attention and is a best seller as well, should be

A little over one hundred years ago, the Austrian economist Ludwig von Mises started arguing that a socialist economy is impossible. In the turbulent years following the 1917 Bolshevik coup in Russia, Vladimir Lenin tragically proved him right in real

Saifedean Ammous hosts the podcast The Bitcoin Standard where he discusses bitcoin and economics from the Austrian school perspective. He is assistant professor of economics at the Lebanese American University and is the author of several books, including The Bitcoin

The terminology of complex adaptive systems sounds academic and abstruse, but the subject is not: it’s about the real-life, in-your-face problems and challenges that face a business every day. The secret to solving the challenges of complexity is adaptation. Luca

For the past two years, governments in the European Union have engaged in contradictory actions by both suppressing economic growth through lockdowns and other covid-19 restrictions and simultaneously trying to “stimulate” their economies through monetary expansion by the European Central

Karl Polanyi’s The Great Transformation is a farrago of confusions, absurdities, fallacies, and distorted attacks on the free market. The temptation is to engage in almost a line-by-line critique. I will abjure this to first set out some of the