U.S. Economy

Austrians have demonstrated that recessions—and depressions—are the inevitable result of central bank intervention in the economy. 

It is suggested in Daniel Kuehn’s article in this issue (2011) that MacKenzie (2010) is wrong about Hoover’s effectiveness in pushing a high wage policy that caused high unemployment.

In his seminal work, “The Problem of Social Cost,” Coase held that in cases of private property right disputes involving what have been

Is there any “good” reason for a country such as the U.S.

Adam Smith noted in 1776 that “What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.”

The purpose of this paper is to discuss the monetary philosophies of some of the leading Jacksonian economic theorists, as revealed during their op

On October 29, 1929, the roof fell in on the booming American economy.

A government is a territorial monopolist of compulsion — an agency which may engage in continual, institutionalized property rights violations and

Mention the term “free-market economics” and many people’s thoughts immediately turn to the Chicago School, the academic home of nine Nobel prize w

The law & economics movement has become one of the most dynamic schools within economics.