Other Schools of Thought

The socialist calculation problem isn't a museum piece from 1920s Moscow. It's the Bureau of Land Management, this year. Timothy Terrell on why bureaucrats are still groping in the dark.

For a while, some economists tried to claim that business cycles are the result of significant changes in technology. The Austrians have a better explanation.

How German “anti-Marxism,” including national (anti-Marxian) socialism, absorbed the very Marxian ideas it claimed to oppose, with Werner Sombart as the case study of a thinker Marxist and anti-Marxist by turns.

A critique of the German “Socialists of the Chair” and their social policy—by way of the Methodenstreit, the clash of control versus economic law, and Max Weber—showing how “social liberalism” abandons liberalism itself.

When reading the works of great Austrian economics thinkers such as Henry Hazlitt or Robert Murphy, a lot of their work is theoretical and does not

Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on praxeology provides a better explanation of economic events than does the mathematically-bound mainstream.

Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on praxeology provides a better explanation of economic events than does the mathematically-bound mainstream.

Mises opens the philosophical half of the course by arguing that Marx’s materialism—the claim that a person’s economic class shapes his very ideas and logic—dominates modern thought, and he begins to dismantle it.

Money did originate from the state, no matter how many times contemporary monetary theorists might claim otherwise.

Money didn't originate from the state, no matter how many times contemporary monetary theorists might claim otherwise.