You probably know the old Chinese curse, “May you live in interesting times.” I heard it first 30 years ago from an economics professor – my mentor, in fact. He was lecturing about the problems Austrian economic models predict when banking is controlled by government.
July 8th, 2009 | Patrick Cox | 1 comment | ContinuedAll Posts Tagged With: "austrian economics"
RBA Confirms Aussie Economy Would Enter Recession
What’s changed? Well for one, rising layoffs are having an effect on the real economy. Today’s papers report that mortgage delinquencies are on the rise. Delinquencies on full-documentation loans are still relatively low. Just 1.75% of full-doc loans are more than thirty days past due, according to a story in the Sydney Morning Herald.
April 2nd, 2009 | Dan Denning | 1 comment | Continued
Joseph Schumpeter’s Unternehmergeist
The term Unternehmergeist was coined by Joseph Schumpeter, the economist from the Austrian school born near the turn of the 19th century (a time of huge, disruptive change in the global economy). You’ve probably heard Schumpeter’s name in association with the phrase for which he is most famous, creative destruction. It is, we confess, the spiritual heart and soul of our research efforts at the Australian Small Cap Investigator.
March 27th, 2008 | Dan Denning | 1 comment | Continued