Other Schools of Thought

The political and ideological forces that gave rise to Bolshevism at the turn of the century are similarly inspiring the movement that looted and burned last month in Genoa.

In 1920, Ludwig von Mises gave the first full explanation why collective ownership of the factors of production leads to economic chaos. Dan Mahoney restates Mises's position.  

The Fed, the media, and most economists agree: Spending is what drives an economy forward. Frank Shostak shows why this view is wholly incorrect.

In an amazing rhetorical trick, the press has a new name for central planning and price control: deregulation. Don Mathews shows how and why this is done.

If there is a case to be made for this social theory, Professor Yeager makes it. In the end, however, the effort doesn't succeed. Review by Robert Murphy.

For some, Popper is the most overrated intellectual of the century. For others, he is the overlooked genius. Rafe Champion, while correcting the new Popper biography, explains who the man was and what he did.

Roger Garrison’s long-awaited book compares and contrasts Austrian business cycle theory with a number of other approaches, 

We are continually told that democracies guard against war. But that view abstracts from the U.S. imperial experience. James Ostrowski compares the rhetoric to the reality.

Paul Krugman is at it again, this time calling for price caps in California as a way of solving the energy problem. How can an economist think such things?

The teachings of Carl Menger and Ludwig von Mises offer the answer to those who say we should dismantle civilization to meet the supposed needs of nature. A very powerful speech by George Reisman.