The Austrian School of Economics views productivity as the successful alignment of subjective consumer demands with efficient, time-structured production.
Our Mission is to spread the word about Austrian School of Economics and the works of it’s founders. See for yourself how implementing those principles can change your organisation for better.
Prof. James Tooley has been working on the issue of low-cost private schools for over 2 decades. He has been asking: “Why are parents in developing countries sending their children to low-cost private schools funded by entrepreneurs rather than (under-performing) state schools?”
Financial stakes reward accuracy, often outperforming polls and pundits. Prediction marketsanticipate major events before governments or media. Fading trust in media empowers prediction markets as risk barometers.
A few weeks ago, the United States and Iran signed a memorandum of understanding, but there was little reason to expect it would produce a lasting solution.
Canonical Austrian business cycle theory holds that a lower rate of interest lengthens the structure of production. Fillieule (2007) derives the opposite conclusion: the average period of production rises with the rate of interest.
