Austrian School

I recently suggested that a major tech boom may very well be on the horizon in the US economy -- spurred by a blend of vigorous technological development, desperation in the marketplace, and the conatus of human survival. I use the word "boom" and not "bubble" in the sense that such technological...

Is capitalism in crisis?I. David Pilling had an interesting article for the Financial Times Sunday discussing problems with global capitalism and seeking economic prosperity while analyzing possible risks and perils with the capitalist system. The article portends that as economies in the West...

On Wednesday, Marketplace's Kai Ryssdal interviewed Stephanie Elsenpeter, an unemployed mother living in New Hope, Minn. Elsenpeter discussed how her emergency-extended unemployment benefits are going to run out the week of Jan. 8. On the topic of her unemployment benefits running out, Ryssdal...

"I'm back in the USSR You don't know how lucky you are, boy Back in the USSR." ~the Beatles, Back in the USSR One viewing videos and reports of the protests going on in Moscow over the parliamentary elections most likely could not help but notice various red and gold flags of the former USSR...

Marketwatch's Paul B. Farrell wrote a very interesting story Tuesday entitled "Super Rich vs. 99%: Class war will explode" regarding Occupy Wall Street, the evolution of class warfare, and the conservative response to the Occupy Wall Street movement. Farrell: "Forget politics. The 99%, the Occupy...

While the US unemployment rate for November unexpectedly fell to 8.6 percent from 9 percent in October, recent jobs numbers may reflect deeper systemic problems in the nation with respect to labor and economic activity. According to the Los Angeles Times, "economists viewed the latest jobs report...

(*Author's note: Recently a group of students at Harvard University walked out of an economics class being taught by renowned economist Greg Mankiw. Mankiw was an economics advisor to Pres. George W. Bush and is known for being the author of the famous mainstream economics textbook Principles of...