Other Schools of Thought

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.

Charley Reese believes in liberty and opposes the welfare-warfare state. But he can't seem to reconcile himself to capitalism. Robert Murphy explains.

Michael Prowse of the Financial Times was a Misesian. Then he read Durkheim and saw new light. Martin Masse explains why this now-famous conversion was wholly unnecessary.

It was once an economic powerhouse, feared by the U.S., but Keynesian-style macroeconomic planning led to its undoing. William Anderson explains how and why it happened.

Thomas Sowell's new introductory text has its strengths, and texts that are friendly to the free market are too rare. Still, Austrian reviewer Gene Callahan has some reservations.

Why do economists disagree on how to handle downturns? Chris Westley explains that some believe the market works and others do not.

There is no “new economy” any more than the “New Economics” of the 1960s had solved the problems of the business cycle, as its promoters had claimed. Bill Anderson explains why.