European Shadow Unemployment Is a Real Problem
There is an undeniable negative trend in European employment and wages that is a direct consequence of constantly increasing intervention in the economy. Original Article: "European Shadow Unemployment Is a Real Problem" This Audio Mises Wire is generously sponsored by Christopher Condon.
Why Mises’s Theory of Economic Calculation Still Is Relevant Today
Until the publication in 1920 of Ludwig von Mises’s work on the problem of economic calculation in socialism, there was no scientifically useful analysis of the economics of the socialist economy. With that work , and its development in the comprehensive treatise
Record Low Unemployment Indicates Trouble Ahead
Mark Thornton discusses the history of record low unemployment rates and the business cycle. See "Unemployment Rate" (UNRATE) from the Federal Reserve Bank of St. Louis: Mises.org/MI_04_Chart Be sure to follow Minor Issues at Mises.org/MinorIssues.
Ummm, @PeterGleick, I addressed this 5,958 days ago: Free markets are, in fact, not free
"Dr. Peter Gleick is a leading scientist, innovator, and communicator on global water and climate issues." He is also a frequent Tweeter and sometimes instigator. Yesterday he tweeted this: I'm fairly certain Dr. Gleick knows there are a large number of
Jack Knetsch: 1933-2022
I just learned that Jack Knetsch died back in August. Here is the obituary from Simon Fraser University: Jack was a Professor in SFU’s Economics Department and the School of Resource and Environmental Management from 1974 to 1998, at which time
Yes, the Minimum Wage Harms the Economy
The imposition of minimum wages harms the economy, although there are nuances in how much harm they cause. It is better not to impose minimum wages at all. Original Article: "Yes, the Minimum Wage Harms the Economy" This Audio Mises Wire is
Where’s my carbon dividend check!? Semi-coherent thoughts on the Inflation Reduction Act
While teaching emissions control policies this last week to my undergraduates, I revisited my signature of the Economists’ Statement on Carbon Dividends (now signed by over 3600 economists). It’s been four years since the origin of the statement, and despite
What in the hell is heteroskedasticity?
Official youngest (and only) son of Env-Econ is a junior in college. He is currently taking his first econometrics class. I got the text below on Friday: Knowing full-well this is likely to get me in trouble, here's my explanation of
Managing Money Is as Important as Making It: The Sad Case of Athletes Going Broke
Lacking a solid team is a recipe for organizational failure, and those intending to excel in business—or any other sector—must invest in management. Considering that many professional athletes encounter bankruptcy shortly after retiring, they are a demographic that could greatly
The New Rules of Engagement
All people of goodwill have an obligation to fight the escalation of politics in American life. Original Article: "The New Rules of Engagement" This Audio Mises Wire is generously sponsored by Christopher Condon.