Other Schools of Thought
Displaying 581 - 590 of 2252
“More Data” Won’t Improve Economists’ Lousy Predictions
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.
The Static Mentality
One of the main shortcomings of the mathematical economists is that they deal with a "static state" as if it were something really existing.
Is Garrison’s Notion of “Secular Growth” Compatible With the Solow Growth Literature?
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.
Class Conflict and Revolutionary Socialism
The fundamental concept of the Communist Manifesto was that of “class” and “class conflict.” But Marx didn’t say what a “class” was.
Austrians vs the Mainstream: on Taxes
Perhaps it is time for mainstream economists to reevaluate their methodology on taxes.
Robert Reich Gets These Seven Economics “Fundamentals” Very Wrong
Robert Reich isn't interested in economics. His pronouncements are simply clarion calls to destroy wealth and spread poverty.
The Monetary Breakdown of the West
In March 1968, a crisis of confidence in the dollar on the free gold markets led the United States to effect a fundamental change in the monetary system.
Carl Menger vs. Gustav Schmoller and the Socialists of the Chair
The debate on method between Menger and Schmoller was useful for the clarification of the differences between theoretical and applied economic research.
What Caused the Irish Potato Famine?
Was the Potato Famine an ecological accident, as historians usually say, or a politically created one?
