This essay contends that Kirzner’s efforts to be categorical and to avoid looseness are unsuccessful and argue that looseness inheres in the economic discussion of the most important things, and associate that viewpoint with Adam Smith.
This article argues that if we embrace a view of religion as a collection of theories about the world (e.g., about alertness and entrepreneurship) and a set of values about how we ought to approach our activities (e.g., value freedom), there are potentially positive aspects of thinking about Austrian economics as a religion.
Jack Goldstone, Robert Bates, David Epstein, Michael Lustik, Monty Marshall, Jay Ulfelder, Mark Woodward |
Jan 01, 2010
Examining onsets of political instability in countries worldwide from 1955 to 2003, we develop a model that distinguishes countries that experienced instability from those that remained stable with a two-year lead time and over 80% accuracy. Intriguingly, the model uses few variables and a simple specification. The model is accurate in forecasting the onsets of both violent civil wars and nonviolent democratic reversals, suggesting common factors in both types of change.
The F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center invites you to a panel discussion featuring Peter Leeson and his new book, Anarchy Unbound: Why Self-Governance Works Better Than You Think.
To reflect on the significance of Hayek’s Nobel Prize and the various strands of influence his work has had in subsequent decades of scholarship, please join us for a keynote speech and panel discussion by some of Hayek’s most prominent colleagues and interlocutors.
In Homer Economicus a cast of lively contributors takes a field trip to Springfield, where the Simpsons reveal that economics is everywhere. By exploring the hometown of television's first family, this book provides readers with the economic tools and insights to guide them at work, at home, and at the ballot box.