The Myth of the Magical Multiplier
These days, writes Frank Shostak, it is commonly accepted that the motor of the economy is overall demand for goods. Hence the growth of an economy is dependent on the strength of this motor.
Other Schools of Thought
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The end of the classroom as we know it
The Huntsville Times was prompted by Bill Gates’s good comments on education to interview others on the topic, and I was among them.
What We Mean by Decentralization
Lew Rockwell writes on how to square universal rights with radical decentralism in politics and globalization in economics.
A Critique of Neoclassical and Austrian Monopoly Theory
One of the most controversial areas in Austrian economics, and one where even long-established Austrian theorists differ sharply, is monopoly theory.
Reflections on the Misesian Legacy in Economics
Israel M. Kirzner The Economic Calculation Debate: Lessons for Austrians Adobe Acrobat 6.0 Paper Capture Plug-in
Methodology of Human Action, The
Published in the Cato Journal Vol. 19, No. 2, Fall 1999.
The Neglect of the French Liberal School in Anglo-American Economics: A Critique of Received Explanations
For roughly the first three quarters of the nineteenth century, the "liberal school" thoroughly dominated economic thinking and teaching in France and US—particularly those economists who are today recognized as the forerunners and early exponents of marginalist economics.
