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"Excellent . . . I highly recommend this book." —RON PAUL Why is the boom-and-bust cycle so persistent? Why did economists fail to predict the economic meltdown that began in 2007—or to pull us out of the crisis more quickly? And how can we prevent future calamities? Mainstream economics has no adequate answers for these pressing questions. To understand how we got here, and how we can ensure prosperity, we must turn to an alternative to the dominant approach: the Austrian School of economics. Unfortunately, few people have even a vague understanding of the Austrian School, despite the prominence of leading figures such as Nobel Prize winner F. A. Hayek, author of The Road to Serfdom. Ha...
Is the bridge between the Austrian and Chicago schools coming together or moving apart? In Vienna and Chicago, Friends or Foes? economist and author Mark Skousen debates the Austrian and Chicago schools of free-market economics, which differ in monetary policy, business cycle, government policy, and methodology. Both have played a successful role in advancing classic free-market economics and countering the critics of capitalism during crucial times and the battle of ideas. But, which of the two is correct in its theories?
From the first rumblings of the Moral Majority over twenty years ago, the Christian Right has been marshalling its forces and maneuvering its troops in an effort to re-shape the landscape of American politics. It has fascinated social scientists and journalists as the first right-wing social movement in postwar America to achieve significant political and popular support, and it has repeatedly defied those who would step up to write its obituary. In 2000, while many touted the demise of the Christian Coalition, the broader undercurrents of the movement were instrumental in helping George W. Bush win the GOP nomination and the White House. Bush repaid that swell of support by choosing Senator...
Politicians have long used business cycles to justify greater state intervention in the economy, growing the size of the state at the expense of civilization. One of the most potent weapons in debunking this narrative has been the unique understanding of Austrians that it is previous government intervention, the manipulation of money and credit, that is the cause for the so-called "boom and bust." The Austrian theory of the business cycle, originated by Ludwig von Mises, celebrated by the profession with F.A. Hayek's Nobel Prize, and brilliantly applied in Murray Rothbard's economic history, is one of the great achievements of this tradition. Yet a simple, short book focused singularly on th...
They said it couldn’t be done. Austrian economics is so different, they said, that it couldn’t be integrated into standard “neo-classical” textbooks. Consequently, college students learn nothing about the great Austrian economists (Mises, Hayek, Schumpeter). Professor Mark Skousen’s Economic Logic aims to change that. Based on his popular course taught at Columbia University, Skousen starts his “micro” section with Carl Menger’s “theory of the good” and the profit-and-loss income statement to explain the dynamics of the market process, entrepreneurship, and the advantages of saving.
Leon H. Keyserling: A Progressive Economist is the insightful biography of the life and thought of the influential liberal reformer Leon H. Keyserling. By examining Keyserling's life in the context of integrative liberalism, the biography aims to explore the origins of the concept of integrative liberalism and Keyserling's profound and provocative contribution to it. The book follows the political reformer's life from the beginning of his career as a member of Democratic Senator Robert Wagner's staff, at the same time showing how the Progressive Movement, before World War I, was the ideological and institutional origin for integrative liberalism. The Great Depression and subsequent New Deal,...
In Economic Logic, Mark Skousen offers a step-by-step approach to economics showing how microeconomics and macroeconomics are logically linked together. The fully revised sixth edition introduces a major breakthrough in macroeconomics: a "top line" in national income accounting called Gross Output. Also included: a powerful four-stage universal model of the economy, a new "growth" diagram, a new diagram of the optimal size of government, and new alternatives to the standard Aggregate Supply and Aggregate Demand curves. Economic Logic is also the first and only textbook to begin with a profit-and-loss income statement to demonstrate the dynamics of the economy. To aid students in comprehending the economic lessons, many other disciplines are integrated into the study of economics, including finance, business, marketing, management, history, and sociology.
“Eureka! Skousen has done the impossible. Students love it! I will never use another textbook again.”—Harry Veryser, University of Detroit-Mercy They said it couldn’t be done. Austrian economics is so different, they said, that it couldn’t be integrated into standard “neo-classical” textbooks. Consequently, college students learn nothing about the great Austrian economists (Mises, Hayek, Schumpeter). Professor Mark Skousen’s Economic Logic aims to change that. Based on his popular course taught at Columbia University, Skousen starts his “micro” section with Carl Menger’s “theory of the good” and the profit-and-loss income statement to explain the dynamics of the mar...
This book offers a new approach to current economic policies in the United States. Anchored in the historically successful policies of free trade, stable currency, and private property rights, this superbly researched work leads the way in offering a renaissance in modern economic thought.
Game Plan is the first "how to" investment handbook of its type. It will explain the emerging risks and provide a complete game plan of response for investors at all levels. Freeman will explain that there is no "one size fits all" solution as events are happening quickly and the challenges can morph suddenly. Just as a football team must plan for a variety of offensive strategies and attacks, investors must be prepared to strategically adjust. This book provides the game plan to respond and succeed. In Game Plan you'll learn… The proper use of gold in your investment strategy How stocks should be deployed in your investment portfolio The smart way to diversify your portfolio How to decrease your bond holding vulnerability How to judge a guarantor in guaranteed investments How to avoid falling into the marketing hype for Hedge Fund scams How to find a properly trained investment advisor How to advance wealth at the individual level How to win the global economic war