Economics

The Expansion of the Money Supply and the Stock Market Boom

Originally published at The Mises Institute. There are many critics of the Fed’s recent money supply expansion, especially since 2008, whose chief criticism is that it will result in consumer price inflation. While proponents of the Austrian School agree that high consumer price inflation is one possible result of an expansionary monetary policy, we neither …

The Expansion of the Money Supply and the Stock Market Boom Read More »

Economics and Human Action: Praxeology as a Chosen Methodology

It is well known in Austrian circles that the methodology of economics is praxeology; that is, one can discover economic laws by discovering the implications of the fact that individuals act purposefully. Praxeology is the study of purposeful behavior, it is therefore not concerned with those motions and movements of the body without volitional engagement. These …

Economics and Human Action: Praxeology as a Chosen Methodology Read More »