Tribute bands are (or were) all the rage. And this is tribute book. Unashamedly we have stolen the idea of Britain's Baker's Dozen of Disasters from Burton A. Abrams's book, The Terrible 10: A Century of Economic Folly, which records the ten worst American economic policy follies in the last...

One of the great scientific achievements of the second half of the twentieth century was the advance in linguistics. Noam Chomsky was one of its foremost exponents. Chomsky and his followers claim that human beings have an inbuilt ‘language acquisition device’ which allows children to...

The Austrian economists' analysis of the trade cycle and the Great Depression has relevance for the current global economic crisis. Excessive bank lending leads to unsustainable distortions in the economy causing the recession, which government spending can do little to mitigate. The long-run...