Other Schools of Thought

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Is Behavioral Economics Good Economics?

Austrian Economics OverviewOther Schools of Thought

Behavioral economists, while criticizing the mainstream economics for not being realistic, treats human beings as automatons.

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Mainstream Economists Whitewashed the Evils of Communism

SocialismWorld HistoryOther Schools of Thought

There’s no excuse for any sentient being – especially an economist – to have praised the decrepit communist economic model by the 1980's.

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Thaler Wins Nobel

Other Schools of Thought

Austrians have been mostly skeptical about behavioral economics.

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Keynes: A Master of Confused and Confusing Prose

World HistoryHistory of the Austrian School of EconomicsOther Schools of Thought

A careful reading of Keynes's 'General Theory' suggests its unintelligible prose may be an effort to appear erudite while saying little of value.

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Tyrants of the Mind and the New Collectivism

World HistoryOther Schools of Thought

The ideology of “political correctness” is strangling the principle and practice of freedom of speech.

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MacLean on James Buchanan: Fake History for an Age of Fake News

Other Schools of ThoughtPhilosophy and Methodology

Nancy MacLean's history of a right-wing conspiracy inspired by economist James Buchanan relies on poorly reported and poorly interpreted history.

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How Magical is the Keynesian Multiplier?

Money and BankingOther Schools of Thought

Real wealth comes from greater production and saving. More spending — especially when spurred by printing money — doesn't make us rich.

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Marx: The Economist's Economist

World HistoryAustrian Economics OverviewOther Schools of Thought

Marx's original thinking amounted to nothing more than equivocal statements, half-baked arguments, and crude claims unsupported by any empirical facts.

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William Baumol, RIP

Legal SystemEntrepreneurshipOther Schools of Thought

Baumol leaves behind an influential body of research on numerous topics relating to entrepreneurship, innovation, and economic growth.

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Moral Hazard: Kenneth Arrow vs. Frank Knight and the Austrians

EntrepreneurshipInterventionismOther Schools of Thought

Rather than impartial referees reducing moral hazard, governments are its most common cause.

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