Other Schools of Thought

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Ludwig von Mises

Precisely because they are producing for profit, the businessmen are producing for the use of the consumers.

Jesús Huerta de Soto

A debate between Böhm-Bawerk and John Bates Clark helps explain the foundational differences between Austrians and neoclassical monetarists. 

Joseph T. Salerno

The image of Bastiat's school that has been handed down in the Anglo-American doctrinal literature is one that has been deliberately distorted by its doctrinal enemies and is in desperate need of extensive revision.

Gary North

Without Lenin's political successes, Marx's writings would have been forgotten long ago.

Marxism was never a good idea "in theory." As Mises explained, it is a mess both in theory and in practice. 

Carmen Elena Dorobăț

Letting data drive theory is like groping in the dark hoping to find not only a light switch, but the very idea of a light switch as well. 

Ludwig von Mises

One of the main shortcomings of the mathematical economists is that they deal with a "static state" as if it were something really existing.

Robert P. Murphy

The present paper clarifies ambiguities from earlier discussions of whether Garrison’s usage of “secular growth” is more likely to resonate with a neoclassical or Austrian reader.