Other Schools of Thought

Displaying 11 - 20 of 2073

The Taxman Cometh

LibertarianismOther Schools of ThoughtPhilosophy and Methodology


Philip Goff wants to solve the why of the universe, but his answers are not always logically coherent, as David Gordon explains.

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One Cannot Interpret Facts of Reality without Theories

Economic PolicyOther Schools of ThoughtPhilosophy and Methodology


Mainstream economists often look at the numbers first and then use data to construct their theories. As Austrian Economists know, such thinking is backward. We can only correctly interpret data after applying a correct theoretical framework.

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Time Preference Is the Key Driver of Interest Rates

Capital and Interest TheoryOther Schools of ThoughtPhilosophy and Methodology


Forget the other mainstream explanations for interest. Time preference explains this phenomenon and gives a true picture of why interest exists in the first place.

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Reason versus Emotion in Economics: A Praxeological Response

Other Schools of ThoughtPhilosophy and MethodologyPraxeology


The field of behavior economics downplays the role of purposeful praxeology in economics. Austrian economics does not make that error.

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The Objective Science of Subjective Value

Austrian Economics OverviewOther Schools of ThoughtPhilosophy and MethodologySubjectivism


While most economists admit that value is subjective, they still err by concentrating on scarcity and choice instead of purposeful action by individuals.

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A Rothbardian Critique of Effective Altruism

PhilosophyOther Schools of ThoughtPhilosophy and MethodologyPolitical Theory


"Effective altruism" has become a buzzword with modern progressives who seek to combine state power and billionaire-funded nonprofits to redirect resources.

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Is the Money in Your Checking Account Yours or the Bank's?

LanguageMoney and BankingOther Schools of Thought


While supporters of fractional reserve banking claim banks inform depositors that they are really lenders (and banks are borrowers), a survey of the fine print yields says otherwise.

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Can We Find a Basis for Private Property Rights?

LawProperty RightsOther Schools of ThoughtPhilosophy and Methodology


While Murray Rothbard believed that self-ownership formed the basis for private property rights, other philosophers disagree.

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The Austrian School's Deductive Approach: A Beacon for Economic Understanding

Business CyclesOther Schools of ThoughtPhilosophy and Methodology


Austrian economics stands apart from the economic mainstream in its deductive approach to economic analysis.

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A Procapitalist Philosopher

CapitalismPhilosophyOther Schools of ThoughtPhilosophy and Methodology


While philosophy is a discipline that has been hijacked by the Left, once in a while a philosopher comes along and surprises us.

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