Capital and Interest Theory
Why Ignoring Time-Preference is the Fundamental Mistake of Central Bankers
Ignoring time preference is the fundamental error behind monetary planning. It is why in a successful economy, monetary intervention by the state is kept to a bare minimum, or preferably banished altogether.
Capital and Interest in the Austrian Tradition, Part 3 of 3
Bob reviews the contributions of Böhm-Bawerk, Fetter, and Mises, and explains interest from an Austrian approach.
Capital and Interest in the Austrian Tradition, Part 2 of 3
Bob continues his three-part series devoted to capital and interest theory in the tradition of the Austrian school.
The Making of Modern Civilization: Savings, Investment, and Economic Calculation
The fallacy that labor-saving machines create technological unemployment has not only been disproved by theory but also by the whole history of mankind.
Capital and Interest in the Austrian Tradition, Part 1 of 3
Bob begins his three-part series devoted to Capital and Interest Theory in the tradition of the Austrian School.
Capital is a Mystery to Alexandria Ocasio-Cortez
While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.
Capital is a Mystery to Alexandria Ocasio-Cortez
While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.
The Theory of Interest Rates
What are interest rates, where do they come from, and what purpose do they serve? Economist Jeffrey Herbener explains why Turgot, Böhm-Bawerk, and Mises got it right.