Other Schools of Thought

 If, for good reason, we generally distrust the concentrated power wielded by coercive monopolies, we ought to avoid at all costs placing more power in the state, the ultimate embodiment of monopoly.

Politicians tell us that tax cuts aren't necessary for economic growth. But when a politically-powerful company offers to move to town and hire people, the politicians fall all over themselves to offer a tax cut. Ordinary business owners, meanwhile, get no such offers.

The trouble with sectarians, whether they be libertarians, Marxists, or world-governmentalists, is that they tend to rest conten

Frank S. Meyer is by far the most intelligent, as well as the most libertarian-inclined, of the National Review stable of editors and staff.

From Adam Smith's day to our own, economists have tended to treat the intertemporal trade-off as something quite different from other trade-offs that market participants face.

It is no wonder that the vast majority of Americans do not know whom, if anyone, they should believe regarding economic pronouncements.

Caplan arrives at the startling conclusion that the Austrian approach, despite the efforts, is less realistic than the neoclassical approach that flourished in the age of benign neglect for realism. 

Thomas Sowell is probably best known for his studies of ethnic relations and economics and for his policy oriented works, aimed at a wide popular audience, e.g., Conquests and Cultures: An International History (1998) and Basic Economics: A Citizen’s Guide to the Economy (2004). His  Knowledge and Decisions (1980), which earned the praise of F.A. Hayek, showed him to be a gifted theorist as well; and, in On Classical Economics , this versatile author makes a valuable contribution to the history of economics.

Short of state implosion, what those who wish to promote free markets most need is an unevasive, contemporary, socialist theory.  Cockshott and Cottrell have come as close to developing a serious,