Let’s Move Past the Hayek-Keynes Debate
The debate between Hayek and Keynes on the question of depressions still looms large in the economics profession, at least in the way it’s taught and communicated, and – in some corners – still in the...
View ArticleThe Linguistics of Corrupted Language: Why Orwell Doesn't Need Whorf
The political corruption of language is often called Orwellian, and indeed Orwell was deeply concerned with it, both his essay “Politics and the English Language”, and the role of Newspeak in his...
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Inside and Outside Perspectives on Institutions
Leeson and Suarez (2015: 48) argue that “some superstitions, and perhaps many, support self-governing arrangements. The relationship between such scientifically false beliefs and private institutions...
View ArticleReview: The Representational Theory of Capital
The Representational Theory of Capital summarizes itself in its final sentence as “a call for the return of the old fiscal religion.” More than that, though, it is a return to the old-time Classical...
View ArticleUnmixing the Metaphors of Austrian Capital Theory
The distinctiveness of Austrian capital theory (ACT) against competing theories of capital lies in (1) its process approach over time as opposed to a comparative statics approach, (2) its emphasis on...
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