We talk a lot about Keynesian economics on this show, pretty much because the real world currently runs on Keynesian principles. That said, there are some other economic ideas out there, and today we're going to talk about a few of them....

The Austrian School of Economics, led by Karl Menger and Friedrich von Wieser, introduced groundbreaking concepts such as marginal utility and the subjective theory of value. This school of thought emphasizes individual...

The Inaugural Conference @ King's, Institute for New Economic Thinking, Day 1 - Dinner.<b<br/>r/>

1930 and the Challenge of the Depression for Economic Thinking: Friedrich Hayek vers<br/>us John Maynard Keynes

Bill Black knows banks.



As a federal litigator in the late 1980s, Black played a central role in prosecuting the corruption responsible for the savings and loan crisis of the late 1980s. Since then he’s become...

Nicholas Wapshott suggests that modern economists would do well to remember the work of Keynes now, as they have strayed too far from the lessons of Keynes in pursuit of ever more refined modeling technique. In the same vein, modern...

An economy is a collection of production and consumption processes that are all working towards solving the central economic problem.



The problem is that we only have access to a finite amount...