Other Schools of Thought

The most influential economists are not always the best.

Krugman and Epstein square off on Austrian Cycle Theory. 

Where Krugman goes wrong in his anti-Austrian attack. 

Krugman's broadside fails to comprehend that capital, not paper money, is the source of wealth.

An Austrian and a Keynesian spar on business cycle theory. 

Ed Shanahan on the significance of the Austrian tradition. 

The fallacies of combining the "best" of free and unfree economies.

No sooner is John Maynard Keynes declared irrelevant for modern economics than some establishment figure declares him the god of the age. It happened again, in the pages of Fortune Magazine (August 17, 1998). The writer was MIT's Paul Krugman, one of the most famous economists alive. His article, "Why Aren't We All Keynesians Yet?" was a hymn of love to the man who made government management of the economy a worldwide practice.

Financial instability and anti-capitalist fallacies about booms and busts. 

How the Nazis went about regulating business.