The 'Austrian" School on the Crisis
The school of economic theory that was founded in Austria by Boehm-Bawerk and developed most notably by Ludwig von Mises is a mixed bag containing a lot of anarco-capitalists and the variety of Libertarian that believes that you can support a political system without thinking about metaphysics, epistemology and ethics. So, when they are good they are very, very good...and when they are bad they are horrid (mostly the influence of Kant). Their demonstration that the so-called 'trade cycle' is not a consequence of Capitalism is first rate, however. This link will take you to today's Mises Daily Letter where you will find a list of things to read. If you stick to Mises you'll be reading the best. You might also want to look at Economics in One Lesson by Henry Hazlitt. It is an easy read and contains the best demonstration of why it is important to look ahead to the consequences of any economic decision before making it.
AF
Welcome
This blog is dedicated to the occcasional jotting down of my more extended essays. My profile will tell you that my areas of formal training are piano performance and philosophy. I have, therefore, the advantage of being an educated layman in economics history, painting, sales, business.
Here is the premise on which my blog is based: A is A. Many consider this an empty, meaningless statement because it is self-evident. But I regard it as powerful for that very reason. It is self-evident that a thing is what it is. In the context of this blog, another way to put it is this: wishing, praying, and government micro- and macro-managemennt will not make it other than it is.
Enjoy
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