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.

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.