Other Schools of Thought

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Marcos Giansante

Modern neoclassical economics is based upon the physical sciences, which Austrian economists recognize is an inappropriate way to explain economic phenomena. Ludwig von Mises recognized this fraudulence, calling it “scientism.”

Daniel Morena Viton

Nominalist ideas influenced the scientific revolution, shaping its departure from metaphysics, its mechanistic perspective, and the mathematization of all sciences. This paradigm has brought about some errors in economic thinking.

Paul F. Cwik

How much money does an economy need in circulation to function? Austrians believe that a growing economy does not need a growing supply of money, which sets Austrian economics apart from other schools of economic thought.

William L. Anderson

Keynesian “economics” is not just wrong; its precepts are not just based upon fallacies but also on lies. Since Keynes self-described as an “immoralist,” we shouldn‘t be surprised that his economics is immoral, too.

Richard W. Fulmer

Karl Marx still is revered by modern academics as a prophet. However, given Marx‘s penchant for making false predictions, at best he would be a false prophet, someone whose word cannot be trusted.

Jonathan Newman

Not only are Modern Monetary Theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about.

Richard W. Fulmer

Despite its many logical flaws, Marxism remains popular in many academic and political circles. However, Marx‘s Labor Theory of Value still undergirds the entire Marxian structure, and debunking it destroys his entire system.