Austrian economists insist one cannot use the methodology of the physical sciences to explain economic phenomena. In this week’s Friday Philosophy, Dr. David Gordon examines Peter Winch, who criticized using methodology of the physical sciences to explain social sciences.

Great Britain’s economy clearly is underperforming from what it could be. Unfortunately, the damage is self-inflicted and change is not likely in the future, especially with a socialist government.

Unfortunately, slavery was not just propped up by policy in the slave states, but federally. It is often overlooked that the federal government—not just slave states—had implemented legal protections of slavery by policy for decades.

Politicians claim that trade deficits are due to the lack of trade barriers. However, as Ludwig von Mises explained, one cannot separate trade and sound money, especially when the current edition of the US dollar is declining in value relative to what it can buy.