Other Schools of Thought
Displaying 2141 - 2150 of 2228
Keynes the Great?
Paul Krugman makes the case for loving Keynes. An Austrian responds.
A Future For Socialism, by John Roemer
John Roemer is a brave man. Few American economists today are prepared to defend full-fledged socialism.
The Socialist Holocaust in Armenia
Under socialism, government builders must fulfill the central plan or else. Quality, which can't be bureaucratically quantified, means nothing; in fact, it is an impediment to turning out the ordered amount of production with the least amount of effort. The result is incredibly flimsy buildings.
Mozart Was a Red
A satirical one-act play by Murray N. Rothbard about Ayn Rand's Objectivist "inner circle."
Why Socialism Always Fails
Mises explains why socialism always fails due to the absence of a free market pricing structure for capital goods.
Recollections from the University of Vienna
The private seminars that Mises held, and which were so successful in Vienna beginning in 1919, were actually separate from the University. Mises here remembers many of his seminar participants, like Hayek, Haberler, Schütz, and Machlup. He was glad to have contributed to the development of international cooperation among so many economists.
1.2. Economic Calculation
The impracticability of all schemes of socialism and central planning is to be seen in the impossibility of any kind of economic calculation under these conditions.
