Other Schools of Thought

A modern socialist economy is impossible.

Is Austrian economics compatible with modern sociology, which is presently dominated by collectivists? In fact, it is possible to apply praxeology to sociology analysis, and that is where one begins to approach this discipline in a manner that promotes liberty.

Is Austrian Economics compatible with modern sociology, which is presently dominated by collectivists? However, it is possible to apply praxeology to sociology analysis, and that is where one begins to approach this discipline in a manner that promotes liberty.

Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.

Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.

Socialists despise individual liberty because they believe that allowing humans to make free choices supposedly leads to selfish and anti-social behavior. However, by denying individual choice, socialists are denying human action itself.

Socialists despise individual liberty because they believe that allowing humans to make free choices supposedly leads to selfish and anti-social behavior. However, by denying individual choice, socialists are denying human action itself.

Mises University begins Sunday, July 20, and given that misinformation abounds about the economy, it is good to have a forum where students can learn economic truths and stretch their minds.

Mises University begins Sunday, July 20, and given that misinformation abounds about the economy, it is good to have a forum where students can learn economic truths and stretch their minds.

A central belief of collectivists is that people think collectively, too. Whether one is a member of a class, religious group, or ethnic group, collectivism holds that each group has distinct interests that determine how individuals in the group think. Mises would have disagreed.