The Great Crash of 2020 was not caused by a virus. It was precipitated by the virus, and made worse by the crazed decision of governments around the world to shut down business and travel. But it was caused by economic fragility. The purpose of this collection is to highlight the important work of contemporary Austrian economists on the modern financial system. Although the mainstream financial press has been crediting American, European, and Chinese policymakers with upholding the global economy in the aftermath of 2008, Austrians have long been warning that these very same actions have only set the world up for a larger disaster. Promises in 2008 of the ease of normalizing monetary policy—such as by reducing balance sheets and phasing out market intervention—have been proven to be lies, just as Austrians warned. Authors Include: Ryan McMaken, Daniel Lacalle, Brendan Brown, Thorsten Polleit, Alasdair Macleod, Philipp Bagus, Ronald-Peter Stöferle, Mark J. Valek, Arkadiusz Sieroń, Ronald-Peter Stöferle, Jeff Deist, Joseph T. Salerno, and Claudio Grass.
The Great Crash of 2020 was not caused by a virus. It was precipitated by the virus, and made worse by the crazed decision of governments around the world to shut down business and travel. But it was caused by economic fragility. The purpose of this collection is to highlight the important work of contemporary Austrian economists on the modern financial system. Although the mainstream financial press has been crediting American, European, and Chinese policymakers with upholding the global economy in the aftermath of 2008, Austrians have long been warning that these very same actions have only set the world up for a larger disaster. Promises in 2008 of the ease of normalizing monetary policy—such as by reducing balance sheets and phasing out market intervention—have been proven to be lies, just as Austrians warned. Authors Include: Ryan McMaken, Daniel Lacalle, Brendan Brown, Thorsten Polleit, Alasdair Macleod, Philipp Bagus, Ronald-Peter Stöferle, Mark J. Valek, Arkadiusz Sieroń, Ronald-Peter Stöferle, Jeff Deist, Joseph T. Salerno, and Claudio Grass.
This book presents a systematic reconstruction of Leibniz’s dynamics project (c. 1676-1700) that contributes to a more comprehensive understanding of the concepts of physical causality in Leibniz’s work and 17th century physics. It argues that Leibniz’s theory of forces privileges the causal relationship between structural organization and physical phenomena instead of body-to-body mechanical causation. The mature conception of Leibnizian force is not the power of one body to cause motion in another, but a kind of structural causation related to the configuration of integral systems of bodies in physical evolution. By treating the immanent philosophy of Leibniz’s dynamics, this book makes explicit the systematic aims and inherent limits of Leibniz's physical project, in addition to providing an alternative vision of the scientific understanding of the physical world in the late 17th and early 18th century.
This monograph forms part of the Indochina Monograph series written by senior military personnel from the former Army of the Republic of Vietnam who served against the northern communist invasion. During the Vietnam conflict, the long and destructive war, Communist subversion, an unstable economy, several changes in government and the extended presence of Free World Military Forces combined to accentuate the basic weaknesses of South Vietnamese society: divisiveness and infighting. To evaluate the effect that South Vietnamese society had on the conduct of the war, this monograph seeks to present the Vietnamese point of view on the joint U.S.-RVN efforts to build a strong and viable South Vietnam, the impact of U.S. aid and the American presence on the South Vietnamese society, the most significant social problems that South Vietnam faced during and as a result of the war, and finally the viability of the U.S.-supported regime and its leadership. To provide this in-depth analysis we, the authors, have drawn primarily on our own experience as major witnesses of South Vietnam’s politico-social tragedy and participants in the war effort. Constructed from the combined vantage points of our positions, one in the field and exposed to the rural scene and the other in the very heart of the urban mainstream, this work thoroughly reflects the insider’s viewpoint and intimate knowledge of South Vietnamese political and social life.
This is the first volume compiling English translations of Leibniz's journal articles on natural philosophy, presenting a selection of 26 articles, only three of which have appeared before in English translation. It also includes in full Leibniz's public controversies with De Catelan, Papin, and Hartsoeker. The articles include work in optics, on the fracture strength of materials, and on motion in a resisting medium, and Leibniz's pioneering applications of his calculus to these issues by construing them as mini-max and inverse tangent problems. Other topics covered by the articles include: criticisms of the Cartesian estimate of motive force and Leibniz's proposal of a different way of estimating force to replace it; a proposed theory of celestial motions and gravitation, and derivation of the inverse square law; challenge problems concerning the isochronous curve and the catenary; a sample of work on gaming theory; and Leibniz's critique of atomism.
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