Other Schools of Thought

Displaying 31 - 40 of 1934

Why Austrian School Economists Have a Better Understanding of Goods and Services

Austrian Economics OverviewOther Schools of ThoughtValue and Exchange

Blog10/24/2019

What makes a good a good is not the physical thing itself, but the value we find in it because it is serviceable toward some valued end.

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Austrian School vs. “Law & Economics" on Product Safety

Bureaucracy and RegulationOther Schools of Thought

Blog10/11/2019

A look at the differences between the Austrian School and the "Law & Economics" tradition, with respect to product safety regulation.

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Rothbardian Welfare Economics

Free MarketsOther Schools of ThoughtPhilosophy and Methodology

Blog09/24/2019

Rothbard’s work on welfare economics probably ranks among his least-known achievements, but it is truly a tour de force and another tribute to his great originality and talent as an economist.

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Why a Prominent Economist Abandoned His Support for Carbon Taxes

The EnvironmentTaxes and SpendingOther Schools of Thought

Blog09/10/2019

Activists who genuinely believe the world faces catastrophe should give serious consideration to David Henderson’s reasons for thinking a carbon tax might be a false “solution."

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Keynesian Economists Ignore Say's Law. We're Paying the Price.

World HistoryOther Schools of ThoughtPhilosophy and Methodology

Blog09/03/2019

By advocating an increased monetary role for the state, Keynes has made the credit cycle considerably worse and more destabilising.

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Hayek Was Right, Keynes Was Not An Economist

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology

Blog08/29/2019

The General Theory is not a book explaining economics to his followers at all, but a propaganda tool to lead them to his vision of a non-Marxist socialist nirvana.

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What Adam Smith Missed in His Understanding of the Division of Labor

The EntrepreneurFree MarketsOther Schools of Thought

Blog08/26/2019

Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.

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Why Transaction Cost Analysis is Attractive, and Very Flawed

Other Schools of ThoughtPhilosophy and MethodologyPrices

Blog08/20/2019

Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.

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Sixtieth Anniversary of Hazlitt's The Failure of the 'New Economics'

Austrian Economics OverviewOther Schools of Thought

Blog07/27/2019

Henry Hazlitt's The Failure of the "New Economics" published in 1959, is still the best refutation of Keynesian economics to be found anywhere — sixty years later.

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Why Socialism Must Fail

Free MarketsSocialismOther Schools of Thought

Blog07/08/2019

Socialism and capitalism offer radically different solutions to the problem posed by scarcity.

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