Other Schools of Thought

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Ludwig von Mises

The socialists cannot help admitting that capitalism has the tendency to improve the material conditions of mankind. But, they say, it has diverted men from the higher and nobler pursuits.

Matthew Tanous

Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation.

Robert P. Murphy

The impossibility theorem, developed by Nobel-winning economist Robert Mundell, paints a false tradeoff between the free movement of capital, fixed exchange rates, and effective monetary policy. Under a gold standard, all three are a possibility.

Llewellyn H. Rockwell Jr.

One day, the Institute publishes an article criticizing Republicans. The Left cheers, but the Rights denounces us. The next day we criticize Democrats and the Right cheers while the Left is enraged. Yet our position is always consistently against the state. 

Robert Higgs

By keeping the population in a state of artificially heightened apprehension, the government-cum-media prepares the ground for planting specific measures of taxation, regulation, surveillance, reporting, and other invasions of the people's wealth, privacy, and freedoms. 

Ludwig von Mises

"The few independent thinkers who have the courage to question these dogmas are virtually outlawed, and their ideas cannot reach the reading public. ... 'progressive' propaganda and indoctrination has well succeeded in enforcing its taboos. "