Other Schools of Thought
9. “The Propensity To Consume”: I
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
12. “The Marginal Efficiency Of Capital”
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
20. Employment, Money, And Prices
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
What Price a Planned Economy?
We must hope that those in the Western world who seem to be ready to sacrifice intellectual freedom because it does not mean the same economic opportunity for all will yet realize what is at stake.
Reactionary Liberals
The weakness of a benevolent despotism is that there is no guarantee that it will remain benevolent. The Social Welfare State, the modern liberals' goal, is essentially a Germanic concept.