Why the New “GDP-B” Measure Doesn’t Solve the Failures of GDP
The thinking goes that MIT's new GDP-B measure allows the statistician to estimate a “consumer surplus.”
Other Schools of Thought
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A Conspiracy of Silence on The French Liberal School
J.B. Say and the French Liberal School absorbed a method of approach that was, implicitly at least, subjectivist and individualist. And herein lies the reason for many modern critics' disparagement of the Liberal School.
Discussing MMT Through the Eyes of a Socialist
Bob Murphy and C. Jay Engel discuss Doug Henwood’s recent critique of modern monetary theory in Jacobin magazine.
Murphy Dissects His Discussion of MMT With Warren Mosler
Bob and Warren Mosler discuss the assumptions behind Modern Monetary Theory and its implications for economic policy.
The “State of Nature” Is a State of Poverty
There is a persistent myth that capitalism has destroyed what would have been a natural abundance and peace of mind. Yet nature does not generate abundance or peace. The characteristic mark of the "state of nature" is irreconcilable conflict.
Classical Economics vs. The Exploitation Theory
Not only is capitalism not a system of the exploitation of labor, but the real system of the exploitation of labor is socialism.
Socialism
Dr. Shawn Ritenour joins the Human Action Podcast to discuss Mises's monumental work on Socialism.
On Equality and Inequality
The fact that men are born unequal in regard to physical and mental capacities cannot be argued away.
MMT Is Even More Dubious Than AOC’s Green New Deal
The printing press doesn’t create real resources, it only obscures the method by which the government siphons them away from the private sector.
Why Your Grandfather’s Economics Was Better than Yours: On the Catastrophic Disappearance of Say’s Law
By disparaging and ultimately ignoring Say's Law, many scholars have done great damage to economic theory.
