Tag Archives: Austrian Economics

Theodore Dalrymple on the culture of inflation

by Aschwin de Wolf Posted on September 6, 2009

In the Summer 2009 issue of City Journal Theodore Dalrymple  discusses the cultural effects of inflation: asset inflation—ultimately, the debasement of the currency—as the principal source of wealth corrodes the character of people. It not only undermines the traditional bourgeois … Continue reading →

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Carl Menger and the exact science of economics

by Aschwin de Wolf Posted on August 14, 2009

In Significance and Basic Postulates of Economic Theory (1938) Terence W. Hutchison presents a logical-empiricist perspective on economic methodology and takes specific issue with Austrian economists who believe that economic theories cannot and should not be falsified through empirical testing. … Continue reading →

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