Other Schools of Thought

Modern mainstream neoclassical economics is constructed on utilitarianism. Murray Rothbard challenged that worldview on many fronts.

Per Bylund joins Bob to discuss his new paper at the QJAE, which points out several flaws in the MMT claim that money is valued in order to pay taxes.

Bob and Brian Albrecht discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets.

Conservative icon William F. Buckley wanted a "totalitarian bureaucracy within our shores" to combat the communist threat. Far too many modern Chinaphobes are embracing a similarly deranged policy. 

Karl Marx may have been a philosopher or just someone with an opinion. He was not, however, an economist.

Karl Marx may have been a philosopher or just someone with an opinion. He was not, however, an economist.

Karl Marx portrayed a horrifying and violent state of society which is allegedly necessary "to reduce all to a common level."

Jeff Deist and Allen Mendenhall discuss "stakeholder" capitalism and what we can do to push back against ideological purity tests.

Jeff makes the case for viewing today's economy as quite unlike that of 2007—due to steady increases in CPI, more fiscal stimulus relative to monetary stimulus, and ongoing supply shock issues from covid.

The economics discipline has devolved into statistics, models, and hard science envy. Is the profession doing any good, or active harm? Per Bylund joins Jeff and Bob to discuss.