Other Schools of Thought
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The Class Struggle
The workers were never enthusiastic about socialism. Socialism was brought to the masses by intellectuals of bourgeois background, dining and wining together in the luxurious London homes and country seats of late Victorian "society."
Steve Patterson Challenges Rothbardians: Economic Theory is More Empirical Than You Think
Steve Patterson challenges the standard Misesian-Rothbardian view of economics.
Why Socialism Must Fail
Socialism and capitalism offer radically different solutions to the problem posed by scarcity.
Why Modern Economics’ Fixation with “Efficiency” Is Dangerous
Efficiency is backward-looking and static, while value creation is future-oriented and aspirational.
What the Number Crunchers Get Wrong about the “Velocity of Money”
The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.
The Alleged Absence of Depressions under Totalitarianism
Where there is no business at all, business can be neither good nor bad. There may be starvation, and famine, but no depression in the sense in which this term is used in dealing with the problems of a market economy.
Confucian Capitalism: Shibusawa Eiichi, Business Ethics, and Economic Development in Meiji Japan
Jason Morgan reviews John Sagers' book on Shibusawa Eiichi, often called the "father of Japanese capitalism." Was Shibusawa truly a capitalist, or just a "crony capitalist"?
The Righteous Bosses of the New Deal
In much of America, the New Deal was run by a small number of very powerful political bosses.
