Other Schools of Thought

Bob Murphy examines Hazlitt’s key insights on monetary expansion, Cantillon effects, and the distinction between nominal and real variables.

Bob Murphy and Jonathan Newman take on the rising popularity of Modern Monetary Theory and explain why it stands in direct opposition to Austrian economics.

Lucas Engelhardt challenges conventional applications of game theory by integrating the Austrian perspective on entrepreneurship.

A modern socialist economy is impossible.

Is Austrian economics compatible with modern sociology, which is presently dominated by collectivists? In fact, it is possible to apply praxeology to sociology analysis, and that is where one begins to approach this discipline in a manner that promotes liberty.

Is Austrian Economics compatible with modern sociology, which is presently dominated by collectivists? However, it is possible to apply praxeology to sociology analysis, and that is where one begins to approach this discipline in a manner that promotes liberty.

Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.

Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.

Socialists despise individual liberty because they believe that allowing humans to make free choices supposedly leads to selfish and anti-social behavior. However, by denying individual choice, socialists are denying human action itself.

Socialists despise individual liberty because they believe that allowing humans to make free choices supposedly leads to selfish and anti-social behavior. However, by denying individual choice, socialists are denying human action itself.