Other Schools of Thought

A debate between Dr. Glenn Drover of the UBC School of Social Work and Dr. Walter Block of the Fraser Institute on 24 September 1988.

Hayek argues that exceptionally intelligent people who favor the market tend to find opportunities for professional and financial success outside the Academy (i.e., in the business or professional world). Those who are highly intelligent but ill-disposed toward the market are more likely to choose an academic career. For this reason, the universities come to be filled with those intellectuals who were favorably disposed toward socialism from the beginning.

No government, no matter how tyrannical, maintains its power by force of arms alone. The ruled always greatly outnumber the rulers, and so government depends essentially on the acquiescence of the populace, an acquiescence it attempts to promote through patronage and propaganda.

Walter Block debates Rev. David Bolieau on the topics of ethics and economics.

The best that Professor Yunus could do to help his country would be to use his now-considerable credibility to push for a freer market through radical privatization and free trade.

The Austrians began with the actions of the individual. Economic value, for example, consisted of the valuations made by choosing individuals, and prices resulted from market interactions based on these valuations.

Unless there were some serious lack of coordination among prices, costs, and wages, mass unemployment would not exist in the first place.

The trouble with online gambling was that it was too successful in the eyes of many.

A real cultural transformation, which not only addresses the façade, but more importantly the roots can happen only through discussions, a thorough churning in the realm of ideas, something a society has got to go through to evolve.

There are no short cuts, and inherent in this understanding is a lesson for those who want to force freedom or whatever virtues on others.

Generally, radicals are dismissed by psycho-historians as people with Oedipal problems, people who, in their unresolved hostility to "the father," are lashing out at the State, or at contemporary institutions.