Mercatus Center Academic & Student Programs recently hosted the 2016 Advanced Austrian Seminar at which Dr. Israel M. Kirzner, Professor Emeritus of Economics at New York University, delivered the keynote lecture, “The History and Importance of the Austrian Theory of the Market Process.”…
Bitcoin, a once-geeky novelty, has grown into a legitimate currency that disrupts financial markets--especially in the developing world. Caleb Watney joins Tech Policy Podcast host Evan Swarztrauber to discuss Bitcoin's presence in developing nations--from backing new businesses to providing financial stability.
During the 16th century, Europe experienced a wave of witchcraft trials that has captured our imagination, and much scholarly attention, up until the present era. But the “wave” of witchcraft trials was not geographically uniform. Hayek Program Senior Fellow Peter Leeson focuses the lens of rational choice theory to explain the occurrence, duration, and geographic distribution of this seemingly irrational phenomenon.
Information, investment and innovation are the engines of economic growth in the 21st century. Yet regulatory accumulation and outdated regulatory processes are preventing both the private and public sectors from effectively using the three “I’s” to solve problems and grow the economy.
Mercatus PhD Fellow Vipin Veetil, along with Akshaya Vijayalakshmi and Srikanth Viswanathan, address Amartya Sen's criticism of cash-transfer programs such as education vouchers in the Wall Street Journal.
This study represents a serious challenge to conventional thinking in contemporary comparative systems, and the economics of socialism. It disputes the commonly accepted view of both the nature of the 'socialist calculation debate' of the 1930s and the lessons to be derived from it.