Other Schools of Thought

For the editors of The Changing Face of Economics (Colander, Holt, and Rosser, University of Michigan Press, 2004) "cutting edge" is more than a phrase. 

Mahoney argues that although Mises correctly conceived of value as an ordinal relation, precluding the possibility of value imputation, in many of his expositions of the market process he adopts a notion of value as a cardinal thing in explaining the task confronting actors in either the planned or unplanned economy.

A common rejoinder to the program of laissez-faire is that market failures require government intervention. Just what does market failure mean, asks Gil Guilory.

With the death of Pope John Paul II last week, writes Christopher Westley, many have compared his intellectual contributions to those of Ludwig von Mises.

Before sober minds can consider the difficult matter of anarchism, writes Robert Murphy, we first need to clear away the confusion.

Jacques Chirac seems to be on the verge of waging all out war against the gravest possible threat to his country: ultra-liberalism (hint: that&#821

This article published in the Monthly Review, March 2005, meaning this year, not a century a

Most of us are familiar with the feud between Rothbard and Rand, and of other aspects of Rand’s personal life that make

From an interview with Milton Friedman (

It is an error to believe that prosperity correlates directly and positively with consumption spending, writes Vlad Menshikov.