Other Schools of Thought

Here we discuss briefly Mankiw’s ten principles of economics and offer a critique of these principles à la the Austrian School of economics.

This paper contrasts mainstream analysis of the recent boom/bust episode and its massive interventions with Austrian business cycle theory (ABCT). 

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.

(Barthelemy) Charles (Pierre Joseph) Dunoyer (1786-1862) was born on May 20, 1786 at Caremac in ancient Tureme (Quercy, Cahorsin), the present-day

The growth of government during this century has attracted the attention of many scholars interested in explaining that growth and in proposing way

Those who deny that the provision of protection services could be supplied through either the market or some other nonmonopolistic device must ther

Individualist anarchism in America of the late nineteenth century revolved around and was expressed through Liberty, a periodical publishe