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A novel argument that shows how rules work better than discretion when implementing monetary policy.
Douglas B. Rasmussen and Douglas J. Den Uyl maintain that a realist turn—namely, one in which the natural order is the basis for individual rights—is needed to bring about a proper understanding and defense of liberty. They argue that the critical character of individual rights results from their being tethered to metaphysical realism. After reprising their explanation and defense of natural rights, Rasmussen and Den Uyl explain metaphysical realism and defend it against neo-pragmatist objections. They show it to be a formidable and preferable alternative to epistemic constructivism and crucial for a suitable understanding of ideal theory.
This book discusses key issues in economic policy in the context of the history of economic thought. Most of the current and past academic controversies in economics are, explicitly or implicitly, centred around the application and form of economic policy. This is particularly evident in the post-WWII period, with the appearance of economic policy as a distinguishable subfield, but important elements of various economic policy issues can be found throughout the history of economic thought. This book discusses various topics in economic policy – such as questions over state spending and taxation, income redistribution, and the role of money – with each chapter focusing on a particular per...
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Influential libertarians from diverse backgrounds and professions who have worked toward a freer society across the globe share their personal and intellectual journeys, including what their lives and thoughts were before they embraced libertarianism; which people, texts, or events most inspired them; what experiences, challenges, tribulations, and achievements they have had as participants or leaders in this movement, and how this philosophy has affected their private and professional lives. The volume’s 80 contributors span the political-philosophical spectrum of libertarianism, including anarcho-capitalists, minarchists, constitutionalists, classical liberals, and thick libertarians. Th...
From financial crises, to pandemic price-spikes, to recurring cycles of inflation, everyone agrees: the economy has seen better days. But as soon as pundits and politicians start discussing economics, things get murky. Most books ask more questions than they answer. Most books...but not this one. Judy Shelton—Senior Fellow at Independent Institute, former Chairman of the National Endowment for Democracy, and critically acclaimed monetary economist—has written a book with answers. And not a moment too soon. With clarity and moral courage, Shelton charts the course to a brighter future. She's one of the few economists bold enough to challenge the inflationary policies of the Federal Reserv...
Whose fault are financial crises, and who is responsible for stopping them, or repairing the damage? Impunity and Capitalism develops a new approach to the history of capitalism and inequality by using the concept of impunity to show how financial crises stopped being crimes and became natural disasters. Trevor Jackson examines the legal regulation of capital markets in a period of unprecedented expansion in the complexity of finance ranging from the bankruptcy of Europe's richest man in 1709, to the world's first stock market crash in 1720, to the first Latin American debt crisis in 1825. He shows how, after each crisis, popular anger and improvised policy responses resulted in efforts to create a more just financial capitalism but succeeded only in changing who could act with impunity, and how. Henceforth financial crises came to seem normal and legitimate, caused by impersonal international markets, with the costs borne by domestic populations and nobody in particular at fault.
The Skyscraper Curse is Dr. Mark Thornton's definitive work on booms and busts, and it explains why only Austrian economists really understand them. It makes business cycle theory accessible to a whole new 21st-century audience. And they need it, especially those under 40. Many of the brilliant quants working on Wall Street and at the Fed barely remember the Crash of 2008, much less understand it. But Mark Thornton does, and his book is a warning about overheated equity markets, over-inflated housing prices, and clueless central bankers. Given the shaky stock markets lately, 2018 may be the year the Fed’s latest bubble bursts. And when it does, it will be even more painful than 10 years ag...
Workshop held June 1988. Thirty-nine contributions treat the central mechanisms of thermoregulation, heat production, metabolic adaptations, respiration and circulation, physiology of hypometabolism, breeding and incubation, and adaptations to cold in chicks. Annotation copyright Book News, Inc. Portland, Or.