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The Circle Bastiat
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The Problem with the Sun
In 1845, Frédéric Bastiat penned a satirical masterpiece with the long lumbering title of “A PETITION From the Manufacturers of Candles, Tapers, Lanterns, sticks, Street Lamps, Snuffers, and Extinguishers, and from Producers of Tallow, Oil, Resin, Alcohol, and Generally of Everything Connected with Lighting.” This faux open letter to the French Parliament told its members [...]
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Facebook and the Public Company
Early reports describe Facebook’s much-ballyhooed IPO as a dud. This seems to support The Economist’s worries about the future of the public company, a theme raised by Michael Jensen in a famous 1990 article. Indeed, the corporate form has been hammered lately, the victim of particularly burdensome regulation under the Sarbanes-Oxley Act and other schemes. [...]
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AE in the FT
Mises, Ron Paul, and the Austrian Business Cycle Theory cited in this published letter from an Irish gentleman in the Financial Times. Sir, In response to the correspondence (Letters, May 7) in relation to Ron Paul’s op-ed “Our central bankers are intellectually bankrupt”, I would suggest the gentlemen first acquaint themselves with Austrian economics before proposing [...]
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Mises.org Web Ranking Bump
On the “Most Visited Libertarian Web Sites” list, we climbed a spot, from #7 up to #6!
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Peter Klein answers questions from the Austrian_Economics Reddit
Dr. Klein discusses economics PhD programs, higher education, the business cycle and entrepreneurship, limits to the size of a firm, corporate personhood, the state of Austrian Economics, Keynesianism, Hayek on money, and Lachmann.
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