Other Schools of Thought

Ever since winning the Nobel Memorial Prize in “Economic Science” in 2001, Joseph Stiglitz has been a one-man advocacy band for growth of the state.

The war came to the United States as the "fulfillment," the culmination, the veritable apotheosis of progressivism in American life.

In this 56-minute talk, Jeffrey Herbener dissects and dismantles two central myths behind Keynesian doctrine: the Phillips Curve, a the Keynesian Multiplier.

Hitler is the modern archetype of political evil, but many who condemn him still embrace his socialist economic policies.

People who are born as the wealthy children of successful businesspeople are often very confused about how economic prosperity is created.

Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior?

The Nobel committee this year showed that it has embraced clever economic modeling as a replacement for scientific progress.

Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.

Unfortunately, the economics Nobel this year neglects the problems at the heart of the State — the government failures that pollute and impoverish.

The Austrian story fits the facts of the housing boom—and bust—much better than the preferred narrative of Market Monetarists.