Daily Archives: March 18, 2016

David Howden’s Review of In Defense of Deflation by Philipp Bagus

‘While Keynesians attribute deflation to an aggregate demand deficiency, and monetarists are wont to see contractions to the money supply or drops in the velocity of money as the culprit, Bagus takes the reader through a more nuanced view of … Continue reading

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Joseph T. Salerno’s Review of The Forgotten Depression: 1921: The Crash That Cured Itself by James Grant

‘The Forgotten Depression is a narrative history of the depression of 1920–21. Although it is informed by a very definite theory—the Austrian business cycle theory—it is not a standard work in applied economics. It does not first present the theory … Continue reading

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A Portuguese East Indiaman from the 1502–1503 Fleet of Vasco da Gama off Al Hallaniyah Island, Oman: an interim report

‘Two Portuguese naus from Vasco da Gama’s second voyage to India, left behind to disrupt maritime trade between India and the Red Sea, were wrecked in May 1503 off the north-eastern coast of Al Hallaniyah Island, Oman. The ships, Esmeralda … Continue reading

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