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Austrian Economics OverviewOther Schools of ThoughtValue and Exchange
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.
Bureaucracy and RegulationOther Schools of Thought
A look at the differences between the Austrian School and the "Law & Economics" tradition, with respect to product safety regulation.
Free MarketsOther Schools of ThoughtPhilosophy and Methodology
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 EnvironmentTaxes and SpendingOther Schools of Thought
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."
World HistoryOther Schools of ThoughtPhilosophy and Methodology
By advocating an increased monetary role for the state, Keynes has made the credit cycle considerably worse and more destabilising.
History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology
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.
The EntrepreneurFree MarketsOther Schools of Thought
Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.
Other Schools of ThoughtPhilosophy and MethodologyPrices
Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.
Austrian Economics OverviewOther Schools of Thought
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.
Free MarketsSocialismOther Schools of Thought
Socialism and capitalism offer radically different solutions to the problem posed by scarcity.