Economy | The Circle Bastiat

Those pursuing academic careers face the prospect of earning a precarious living as an “untenured” adjunct professor, hectically shuttling between teaching assignments at different universities and earning a meager living for their trouble. 

Salerno questions the Keynesian doctrine that government spending per se raises income and promotes economic recovery.

Roth and Shapley win Nobel for work involving market design. But is it economics if it only fits specific markets? 

Croatia intends to become a eurozone member by next summer, but is it a good idea? Several, including London's mayor and Poland's foreign minister, say no.

Cooking, entrepreneurship theory, and Austrian economics have a lot more in common than many people might believe. In honor of the late, great Julia Child, the Circle Bastiat's contributors have written a piece combining the three.

British Olympic organizers restricted ticket prices and rewarded  bulk corporate purchases (but not use).  They shouldn't be surprised to see so many empty seats.

In the face of political pressure regarding the use of Chinese manufacturers for Olympic uniforms, the USOC capitulated. But perhaps the more important question is, why is it so much more expensive to manufacture clothing domestically.

A review of Ralph Raico’s outstanding recent book, Classical Liberalism and the Austrian School reminds David Gordon that appeals to “the results of human action but not of human design” are quite common among Austrian methodological individualists.

Ron Paul showed how he is open to debate by having both Professor Joseph Salerno and Professor Larry White testify before his sub-committee on the subject of fractional reserve banking. But a perceived bias towards Salerno prompted a rebuke by George Selgin.

European interest rates were cut by central banks in an effort to rescue the eurozone economy. But is the cut in European interest rates a last ditch effort?