Last month, a funny thing happened on the way to the best-seller list. A 66-year-old treatise by a long-dead Austrian-born economist began flying off the shelves, following an hourlong endorsement from a right-wing television host better known for pumping political thrillers than for rocking political theory. Read more…
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Newly discovered letters from two great economists shed light on today's discussion of economic 'stimulus.'
The debates raging over what policies will pull the U.S. economy out of its Great Recession replicate one that occurred during the Great Depression. Thanks to the efforts of Richard Ebeling, a professor of economics at Northwood University, we have [...]

With the failure of Keynesian stimulus, the late Austrian economist's ideas on state power and crony capitalism are getting a new hearing.

He was born in the 19th century, wrote his most influential book more than 65 years ago, and he's not quite as well known or beloved as the sexy Mexican actress who shares his [...]

A cloud looms over Adam Smith’s legacy. The 18th-century scholar is best known as an unalloyed extoller of the market and an apologist for self-interest, a reputation stemming from two centuries’ mischaracterisation of his thought. In the last 50-odd years, this interpretation has been given new credence by economists of the Chicago School (George Stigler famously [...]

Investors running to catch the stock market rally have brought the master’s words to life. Read more…

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Milton Friedman, the American economist, statistician and public intellectual, and a recipient of the Nobel Memorial Prize in Economics, being interviewed by Phil Donahue back in 1979 discussing capitalism.
I can assure everyone that after watching this short 2.5 minute clip, that if there were any doubts in your mind about capitalism, they will be gone [...]

The last two years, in which capitalism has suffered one of its periodic shocks, have given John Maynard Keynes a new lease of life. Read more…
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Ludwig von Mises explained how government-induced credit expansions led to imbalances in the economy.

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