Other Schools of Thought

The only permanent way to cure poverty is to increase the earning power and productivity of the poor.

We wrap up our look at Murray Rothbard's sprawling two volume An Austrian Perspective on the History of Economic Thought with Dr. Joe Salerno, Rothbard's friend and colleague. 

The 2021 Nobel Prize in Economics has been awarded to Berkeley's David Card, MIT's Josh Angrist, and Stanford's Guido Imbens for their work on "natural experiments," a currently fashionable approach to estimating the causal impact of one economic variable on another. 

Was Rothbard's harsh criticism of Adam Smith justified, or was Smith actually an early and valiant proponent of laissez-faire? Hunter Hastings and Jonathan Newman join Jeff Deist to discuss. 

Using a recent Paul Krugman column as the jumping off point, the Mises Institute Academic Vice President Joe Salerno explains and defends Austrian business cycle theory.

Contrary to myth, Nazi Germany was a socialist state, not a capitalist one.

Paul Krugman’s “logical problem” with ABCT derives entirely from his superficial understanding of the theory.

Paul Krugman’s “logical problem” with ABCT derives entirely from his superficial understanding of the theory.

How should we address uncertainty when using NPV calculations? The answer is rooted in the Austrian school of thought rather than neoclassical finance theory.

The question that arises for the state ruler is: How can I free myself of two effective constraints on my power: tax-resistance in the form of falling tax revenue and the need to borrow from and pay interest to banks?