Dr Horwitz’s thoughtful and generous response to my original post is useful in clarifying what a serious Austrian school economist thinks and correcting some of my misapprehensions. It seems to have been a useful exercise, to provide reactions to Austrian commentary from someone much more familiar with mainstream economics. Even better, I now have something I [...]
By Lorenzo
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Also posted in Australia, Britain, Economics, History, Public Policy
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Tagged Austrian business cycle, Austrian school, credit, deflation, disinflation, Eric Hoffer, Frederich Hayek, housing market, Inflation, interest rates, John Maynard Keynes, macroeconomics, Matt Ridley, monetary economics, monetary policy, Sport, Steve Horwitz, unemployment, von Mises
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So if one asks a student or a teacher of the law of obligations, “Which do you prefer, statutes or cases?”, the answer will almost invariably come back, “Cases, of course.” Cases have immediate human interest supplied by the facts; and the reasoning of the judges, while often complex, satisfyingly leads the reader from the [...]
By Legal Eagle
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Also posted in Academia, Law
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Tagged Andrew Burrows, Australian Consumer Law, Calouste Gulbenkian, common law, criterion certainty test, legislation, Nubar Gulbenkian, Re Gulbenkian, statute law, trade practices act, Trustee Act
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SAN FRANCISCO _ Dressed in his trademark hoodie and jeans, Facebook Inc. co-founder Mark Zuckerberg kicked off a cross-country road show to pitch his company’s initial public stock offering. Hundreds of institutional investors stood in long lines Monday to pile into a ballroom at New York’s Sheraton Hotel to hear the billion-dollar pitch from the [...]
By DeusExMacintosh
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Also posted in Economics, Funnies, Human/Civil rights, Internet, Law, Media, Politics, Popular culture, Racism, Society, Technology
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Tagged america, barack obama, crime, Facebook, hoodie, mark zuckerberg, social media, trayvon martin, US politics, USA
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I find Steve Horwitz, along with George Selgin (prominent advocate of free banking and supporter of a productivity norm [pdf] for monetary policy), the most accessible of contemporary Austrian school economists as they are both clear writers who seek to engage with those who are not of their school and are refreshingly free of the nastiness [...]
By Lorenzo
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Also posted in Economics, History, Philosophy
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Tagged Austrian business cycle, Austrian school, capital, David Glasner, deflation, Friedrich Hayek, George Selgin, Inflation, John Maynard Keynes, labour markets, monetary policy, Scott Sumner, Steve Horwitz, Tyler Cowen
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An elderly woman in Georgia is facing a prison sentence after reportedly causing internet services in neighbouring Armenia to crash. The country found itself offline for hours on 28 March after cables linking Georgia to Armenia were damaged. A Georgian interior ministry spokesman said a 75-year-old woman had admitted damaging fibre-optic cables while scavenging for [...]
March 10, 2011 – 12:49 am
Passengers have told of their fear after realising the plane they were travelling in had lost a wheel. The Flybe Bombardier Q400 took off from Exeter International Airport bound for Newcastle at 1225 GMT on Thursday, with 39 passengers on board. A wheel detached shortly after take-off, forcing the plane to circle for about 90 [...]
By DeusExMacintosh
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Also posted in Britain, Equity, Fark!, Funnies, Politics, Popular culture
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Tagged airlines, black wednesday, exchange rate mechanism, flybe, george soros, john major, planes, sterling, UK conservative party, wheel
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January 7, 2011 – 4:00 am
The government will provide more money to help unemployed people who want to set up their own companies, David Cameron has announced. The prime minister said New Enterprise Allowance projects, offering start-up loans and weekly allowances, could create 40,000 businesses by 2013. He predicted the next few years could be “some of the most dynamic [...]
By DeusExMacintosh
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Also posted in Britain, Economics, Funnies, Politics, Public Policy, Society, Welfare
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Tagged bankruptcy, dave new world, david cameron, new enterprise allowance, self-employment, small business, UK politics
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November 8, 2010 – 7:10 am
In her 2006 book Thrift to Fantasy: Home textile crafts of the 1930s-1950s, Rosemary McLeod traces the history of home-based handwork in New Zealand. With beautifully detailed photography, she shows examples of women taking pride and displaying their creativity with scraps of fabric and thread, making beautiful aprons and oven clothes from hessian (usually washed [...]
September 19, 2010 – 11:04 pm
Microsoft founder and philanthropist Bill Gates has been awarded the Silver Buffalo, the highest Boy Scout honour in the US, for his services to youth. The accolade is for Mr Gates’ work both at Microsoft and for his humanitarian work through the Bill and Melinda Gates Foundation. Mr Gates was a member of the scouts [...]
By DeusExMacintosh
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Also posted in Funnies, Intellectual property, Media, Popular culture, Society
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Tagged bill and melinda gates foundation, Bill Gates, Boy Scouts of America, computers, microsoft, Silver Buffalo, software
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October 18, 2009 – 9:31 pm
Residents in Stockholm are divided over reports that rabbits are being used to make biofuel. The bodies of thousands of rabbits are fuelling a heating plant in central Sweden, local newspapers say. The city of Stockholm has an annual cull of thousands of rabbits to protect the capital’s parks and green spaces… Tommy Tuvunger, one [...]
