As always the best way to explain anything is with a story - and in this case a true story. Forest fires are a major concern in many parts of the U.S., upsetting lumber companies who saw profits burn ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

Those familiar with this column are well aware of how very much it venerates what’s known as “Austrian” economic thinking, or the Austrian School. Books by Ludwig von Mises are always nearby, and then ...

October 21st saw the commemoration in Beijing of the 80th Anniversary of the Long March Victory. Inevitably it was a hugely symbolic occasion, such is the significance of the Long March in modern ...

Forty years ago, during the week of June 15-22, 1974, the Austrian School of Economics was reborn during a conference in the small New England town of South Royalton, Vermont. Why was this important?

Eighty years go, on February 4, 1936, one of the most influential books of the last one hundred years was published, British economist, John Maynard Keynes’s The General Theory of Employment, Interest ...

One of my favorite moments during the 2012 Republican presidential contest came when Ron Paul, fresh from his strong showing in Iowa, triumphantly told his supporters: "We're all Austrians now!" I ...

One of my favorite moments during the 2012 Republican presidential contest came when Ron Paul, fresh from his strong showing in Iowa, triumphantly told his supporters: “We’re all Austrians now!” I ...

Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that. The Church publishes the Monitor ...

The Obama administration has been working under the (generally correct) assumption that it has lost the stimulus debate -- that most people believe that the correct response to economic contraction is ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

In The General Theory of Employment, Interest and Money, John Maynard Keynes wrote: The ideas of economists and political philosophers, both when they are right and when they are wrong, are more ...