The Future of Afghanistan Post U.S. Withdrawal
On July 8, Joe Biden, the U.S. President announced that the U.S. is finally set to end its presence in Afghanistan that lasted for 20 years, after the 9/11 terrorist attacks. While 90% of the stationed troops and their equipment
Are Free Market Fiduciary Media Possible? On the Nature of Money, Banking, and Money Production in the Free Market Order
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 Rates
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
Trust in a Polarized Age
Trust in a Polarized AgeKevin VallierOxford: Oxford University Press, 2021, 310 + x pp. David Gordon (dgordon@mises.com) is a Senior Fellow at the Mises Institute. Kevin Vallier, who teaches philosophy at Bowling Green State University, is a leading advocate of “public reason
Old and New Development Economics: A Reassessment of Objectives
ABSTRACT: The “new development economics” (also called behavioral development economics) consists of microeconomic experimentation based on behavioral economics and randomized controlled trials. This approach would illuminate the close relationships between preferences, culture, and institutions and point to new political opportunities.
Old and New Development Economics: A Reassessment of Objectives
ABSTRACT: The “new development economics” (also called behavioral development economics) consists of microeconomic experimentation based on behavioral economics and randomized controlled trials. This approach would illuminate the close relationships between preferences, culture, and institutions and point to new political opportunities.
The Great Keynesian Coup of August 1971: Fifty Years Later
On August 15, 1971, the last remains of what had been a magnificent monetary system died a terrible death, and the American academic, political, business, and media elites led the cheers. The Dow Jones Average jumped by more than 32
Eamonn Butler’s Primer on Entrepreneurship and Its Social Good
Entrepreneurship is the great force for social good — in fact, the greatest force for good in the history of civilization. It’s the system of continuously improving the lives of others so we can improve our own lives. Through entrepreneurship,
Classical Economic Theory and the Modern Economy
Classical Economic Theory and the Modern Economyby Steven KatesEdward Elgar, 2020, 264 pp. Per Bylund (per.bylund@okstate.edu) is Associate Professor of Entrepreneurship and Records-Johnston Professor of Free Enterprise in the School of Entrepreneurship in the Spears School of Business at Oklahoma State
Media Wars: The Battle to Shape Our Minds
Media Wars: The Battle to Shape Our MindsWalter Donway and Vinay KolhatkarIndependently Published, 2020, 330 pp. William L. Anderson (banderson@frostburg.edu) is professor of economics at Frostburg State University. Even the sunniest optimist would admit that the year 2020 was extremely challenging with