I’m very proud to announce the publication of my latest book, “A Viennese Waltz Down Wall Street: Austrian Economics for Investors,” published by Laissez Faire Books. See the letter from LFB publisher Jeffery Tucker below, and check out all the details of the book here.

Dear Readers:

The central message of the Austrian school of economics, writes Mark Skousen in this new and wide-ranging book, is that economics is about human beings. That outlook has direct implications for financial markets and personal investing. And this is why the Austrian school has had a huge impact Wall Street.

A Viennese Waltz Down Wall Street, then, is a tutorial on both economics and investment that sheds new light on both fields.

Consider the opening metaphor of the dance. This is the image that Skousen uses to illustrate the direction of prices in financial markets. It is not random, but neither is it entirely scripted. There is a great deal of improvisation and uncertainty. But what makes it all work is that great institution of the mutual benefit of buying and selling. This is what makes markets dance.


Economics and investing are the two fields that Skousen has followed closely during his long career. This book weaves the two together to show how you can use good economics to anticipate market turns. But just as importantly, it shows how you can use investing knowledge to understand economics.

You can download the e-book here.

CONTENTS

  • What Is the Austrian School?
  • Carl Menger: Subjectivism and the Marginal Revolution
  • Eugen Böhm-Bawerk: Saving, Interest Rates, and the Theory of Capital
  • Friedrich von Wieser: The “Great Man” Theory
  • Ludwig von Mises: Human Action
  • Friedrich Hayek: The Austrian Theory of the Business Cycle
  • Schumpeter and Creative Destruction
  • Kirzner and the Discovery Process
  • Murray Rothbard and the “Hard-Money Movement”
  • The 2008 Financial Crisis: Austrian Response to the Chicago School of Milton Friedman
  • Murray Rothbard As Investment Advisor
  • What Every Investor Should Know About Austrian Economics and the Hard-Money Movement
  • The Economist As Investment Advisor
  • Keynes As a Speculator
  • Who Predicted the 1929 Crash?
  • Financial Economics
  • A Tale of Two Dollars
  • Austrian Economics: Newsletters, Books, and Services

We hope you enjoy this wonderful book, and thank you for being a member of the Laissez Faire Club!

Sincerely,

Jeffrey Tucker

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George Gilder Wins Leonard E. Read Book Award

by Mark Skousen on June 13, 2013

FreedomFest, “the world’s largest gathering of free minds,” is pleased to announce that George Gilder has won the Leonard E. Read Book Award for his new work Knowledge and Power (published by Regnery).  This annual award is granted to the “libertarian book of the year” which best advances the principles of liberty.

Knowledge and Power By: George Gilder

Knowledge and Power is a revolutionary work in the tradition of Hayek’s famous essay ‘The Use of Knowledge in Society’ and Thomas Sowell’s influential book Knowledge and Decisions,” states Mark Skousen, economist and producer of FreedomFest.  “Gilder makes the argument that decision-makers must reject the deterministic/mechanistic systems of human behavior and build their policies and economic models on the concepts of human creativity, free will and the unexpected.”  His entire book is built around his thesis that “the freer an economy is, the more this human diversity of knowledge will be manifested….Capitalism is not chiefly an incentive system but an information system.”

The Leonard E. Read Book Award will be presented to Mr. Gilder at this year’s FreedomFest, July 10-13, 2013, in Las Vegas.  The award also comes with a gift of a one-ounce American eagle gold coin, valued at approximately $1,500.  For more information on the annual conference, which attracts over 2,000 attendees each year, go to www.freedomfest.com.

About Leonard E. Read

The Read Book Award is named after Leonard E. Read, the founder of the Foundation for Economic Education (FEE), the first modern free-market think tank in the United States, and its monthly publication The Freeman.  Mr. Read (1898-1983) is the author of hundreds of essays, his most famous being “I, Pencil.”  He was a voracious reader and his FEE library contained thousands of books.  For more information on the Foundation for Economic Education, go to www.fee.org. (Note:  This award is not affiliated with FEE, and the selection of the Read Book Award is exclusively a decision by FreedomFest.)

About George Gilder

George Gilder is one of the original pillars of supply-side economics and author of several bestsellers, including Sexual Suicide, The Spirit of Enterprise, Microcosm, and the Israel Test.  His 1981 bestseller, Wealth and Poverty, had a major influence on the Reagan Administration in the 1980s.  He is editor of the Gilder Technology Report, and a senior fellow at Seattle’s Discovery Institute, where he directs Discovery’s program on high technology and democracy.  Gilder is a frequent writer for major business publications, including Forbes and the Wall Street Journal.

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The Rise of the Commercial Society: The Business Leader as Hero

April 22, 2013

By Mark Skousen Editor, Forecasts & Strategies Keynote Address at Annual International Assembly for Collegiate Business Education (IACBE), April 18, 2013, Orlando, Florida “It is business that creates wealth, not countries or governments.  It is businesses that decide how well or poorly off we are.”   —Shlomo Maital, MIT managerial professor Tomorrow my wife Jo Ann [...]

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Second Review of John Mackey’s Revolutionary “Conscious Capitalism”

April 18, 2013

Whole Foods’ Better Business Conscious Capitalism: Liberating the Heroic Spirit of Business, John Mackey and Raj Sisodia, Harvard Business Review Press, 368 pages By Mark Skousen • April 10, 2013 Ever since the robber barons stalked the earth and Balzac expostulated that “behind every great fortune is a crime,” the media has attacked Wall Street, [...]

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Announcing the FreedomFest Slogan Winner

March 29, 2013

We are delighted to announce Daniel Brackins as the winner of the FreedomFest Slogan Contest for his suggestions “FreedomFest: For the 100%!” We believed his slogan concisely summed up the inclusive nature of FreedomFest — we welcome all people, from all parties of thought, for coherent, insightful and open discussions…all while having tons of fun [...]

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Huge Response to Our Latest FreedomFest Promo

February 26, 2013

 Dear FreedomFest Friends, We’re getting a huge response to our announcement that John Stossel is bring his #1 Fox Business show to FreedomFest, with hundreds of attendees signing up so far. And that’s just the beginning of what the Washington Post calls “the greatest libertarian show on earth.” One of the reasons people keep coming [...]

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2013 Global Financial Summit Report

February 12, 2013

I just returned from the Global Financial Summit in the Bahamas, where over 200 attendees came from all over the world to learn about new investment opportunities and market solutions to the world’s problems.  We were welcomed by the cabinet members of the Bahamian government, who emphasized how the Bahamas is a first-rate financial center [...]

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Big News! Stossel Coming to FreedomFest 2013

February 7, 2013

Big News! John Stossel Coming to FreedomFest! Dear FreedomFest attendees, Lots of news to report about this year’s big show.  First and foremost: When we ask past attendees, what famous libertarian they want to speak at FreedomFest, John Stossel is their #1 choice – by far. Your wish is our command:  We are happy to [...]

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My First Book Review for Barrons – “Conscious Capitalism”

February 3, 2013

Here is my first book review on Barrons — on John Mackey’s new book, “Conscious Capitalism,” which I regard as revolutionary and encourage everyone to get a copy at either a Whole Foods store (always fun to visit) or on Amazon: BARRONS | SATURDAY, FEBRUARY 2, 2013 The Soul of the New Capitalism A worthy [...]

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Report from AEA Meetings in San Diego: The FED = Inflation

January 24, 2013

I returned early this year from a productive trip to San Diego for the American Economic Association (AEA) meetings, where I met with several top economists, including Nobel Prize winners. One of the most popular sessions was a panel on the 100th anniversary of the Federal Reserve. The most shocking graph was presented by Ken [...]

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