Economia
THURSDAY, MARCH 12, 2009 UP AND DOWN WALL STREET DAILY Ignoring the Austrians Got Us in This Mess By RANDALL W. FORSYTH "...What definitely is ignored in academe is the Austrian school of economics, especially for baby boomers brought up on Samuelson's economics text, which was pure Keynesian orthodoxy. I did not learn the names von Mises and Hayek or their ideas until a decade or more after graduation (with a degree in economics, by the way.) The Austrian view is a mirror image on the right to Minsky's from the left. The economy, if left alone, is self-correcting, say the Austrians. But central banks' inflationary expansion of credit produces booms and malinvestments, which inevitably lead to a crashes and depressions. The only prevention for boom and busts are sound money, which is impossible with government-controlled central banks. Once the bust comes, the only cure is to let it run its course; allow the malinvestments go bankrupt and let the market reallocate the capital to productive uses... But the Austrians were the ones who could see the seeds of collapse in the successive credit booms, aided and abetted by Fed policies, especially under former chairman Alan Greenspan..." http://online.barrons.com/article/SB123680667244600275.html Veja tambem: The Bailout Reader. Link: http://mises.org/story/3128
- Escola Austríaca - Introdução
Austrian Economics – A Primer Written by Dr. Eamonn Butler | Thursday, August 19th, 2010 Austrian School economists gave us the ideas of marginal utility, opportunity cost, and the importance of time and ignorance in shaping...
- O Futuro Da Ciência Econômica
Teaching Economics After the Crisis Teaching Economics After the Crisis: Report from the Steering Group In the April 2012 Newsletter, Diane Coyle reported on a conference sponsored by the Bank of England and the UK’s Government Economic Service...
- Como Explicar A Grande Depressão
'Real’ Reinforcement for Austrian Arguments Mises Daily:Monday, May 13, 2013 by John P. Cochran In a recent article, “The Hoover-Roosevelt Depression Revisited,”work by Cole and Ohanian was highlighted because it comes to conclusions similar...
- The Bailout Reader
Fannie Mae and Freddie Mac Freddie Mac: A Mercantilist Enterprise, by Paul Cleveland, March 14, 2005 Fannie Mae: Another New Deal Monstrosity, by Karen De Coster, July 2, 2007 How Fannie and Freddie Made Me a Grumpy Economist, by Christopher Westley,...
- "meltdown" - Tom Woods Explica A Crise
Meltdown’ Blames Feds for the Crashby Declan McCullagh (CBS) Not only is our current recession unusually deep and severe, but it’s about to become the longest since the Great Depression. Housing prices are crashing, stocks have fallen into a deep...
Economia
THURSDAY, MARCH 12, 2009 UP AND DOWN WALL STREET DAILY Ignoring the Austrians Got Us in This Mess By RANDALL W. FORSYTH "...What definitely is ignored in academe is the Austrian school of economics, especially for baby boomers brought up on Samuelson's economics text, which was pure Keynesian orthodoxy. I did not learn the names von Mises and Hayek or their ideas until a decade or more after graduation (with a degree in economics, by the way.) The Austrian view is a mirror image on the right to Minsky's from the left. The economy, if left alone, is self-correcting, say the Austrians. But central banks' inflationary expansion of credit produces booms and malinvestments, which inevitably lead to a crashes and depressions. The only prevention for boom and busts are sound money, which is impossible with government-controlled central banks. Once the bust comes, the only cure is to let it run its course; allow the malinvestments go bankrupt and let the market reallocate the capital to productive uses... But the Austrians were the ones who could see the seeds of collapse in the successive credit booms, aided and abetted by Fed policies, especially under former chairman Alan Greenspan..." http://online.barrons.com/article/SB123680667244600275.html Veja tambem: The Bailout Reader. Link: http://mises.org/story/3128
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- Escola Austríaca - Introdução
Austrian Economics – A Primer Written by Dr. Eamonn Butler | Thursday, August 19th, 2010 Austrian School economists gave us the ideas of marginal utility, opportunity cost, and the importance of time and ignorance in shaping...
- O Futuro Da Ciência Econômica
Teaching Economics After the Crisis Teaching Economics After the Crisis: Report from the Steering Group In the April 2012 Newsletter, Diane Coyle reported on a conference sponsored by the Bank of England and the UK’s Government Economic Service...
- Como Explicar A Grande Depressão
'Real’ Reinforcement for Austrian Arguments Mises Daily:Monday, May 13, 2013 by John P. Cochran In a recent article, “The Hoover-Roosevelt Depression Revisited,”work by Cole and Ohanian was highlighted because it comes to conclusions similar...
- The Bailout Reader
Fannie Mae and Freddie Mac Freddie Mac: A Mercantilist Enterprise, by Paul Cleveland, March 14, 2005 Fannie Mae: Another New Deal Monstrosity, by Karen De Coster, July 2, 2007 How Fannie and Freddie Made Me a Grumpy Economist, by Christopher Westley,...
- "meltdown" - Tom Woods Explica A Crise
Meltdown’ Blames Feds for the Crashby Declan McCullagh (CBS) Not only is our current recession unusually deep and severe, but it’s about to become the longest since the Great Depression. Housing prices are crashing, stocks have fallen into a deep...