Other Schools of Thought

A critique of the German “Socialists of the Chair” and their social policy—by way of the Methodenstreit, the clash of control versus economic law, and Max Weber—showing how “social liberalism” abandons liberalism itself.

When reading the works of great Austrian economics thinkers such as Henry Hazlitt or Robert Murphy, a lot of their work is theoretical and does not

Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on praxeology provides a better explanation of economic events than does the mathematically-bound mainstream.

Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on praxeology provides a better explanation of economic events than does the mathematically-bound mainstream.

Mises opens the philosophical half of the course by arguing that Marx’s materialism—the claim that a person’s economic class shapes his very ideas and logic—dominates modern thought, and he begins to dismantle it.

Money did originate from the state, no matter how many times contemporary monetary theorists might claim otherwise.

Money didn't originate from the state, no matter how many times contemporary monetary theorists might claim otherwise.

The question is not plan or no plan. Everyone plans. The question is whose plan—and what happens to yours when it conflicts with the planner's. Mises traces the path from Marx to Comte to the social engineers, and shows why the destination is always the same.

Bob sits down with economist Emmanuel Maggiori to discuss his new book that engages MMT on its own terms, drawing on the MMTers' own textbook, papers, and responses to critics.

Time is a unique resource in economics because we cannot create more of it and are subject to its limitations. Ludwig von Mises and the Austrians understand the role of time in economic better than most other mainstream economists.