Other Schools of Thought

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Jonathan Newman

The Methodenstreit between the Mengerian Austrian School and the German Historical School needs to be rejoined. Mainstream economists are embracing the historicist approach, which is not real economics at all.

Joshua Mawhorter

According to Marx, all ideas represent class-based interests, leaving no room for objective truth. The problem is that Marxists claim to hold to objective truth, but manage to contradict themselves.

Frank Shostak

Behavioral economics operates on the assumption that human emotions play an important role in determining economic choices. However, while all of us have emotions, we ultimately use reason to determine what we need to sustain our lives.