Other Schools of Thought

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

The particular crises to which Keynes reacted were themselves the products of misguided government policies.

The previously unexplored evidence presented here confirms that Keynes advocated a consistent form of non-Marxist socialism from no later than 1907 until his death in 1946.

There are two clear and present dangers to liberty. One is known as the Left, and the other is the Right. They seek to use government to mold society into a form they seek, rather than the form that liberty achieves if society is left on its own.

The question is not whether economic progress makes people happy. Most mothers feel happier if their children survive, and most people feel happier without tuberculosis than with it.

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.

The fundamental error of the interventionists is that they ignore the shortage of capital goods.

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."

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

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.