Other Schools of Thought

Otto Bauer was not a born trailblazer, and one could not expect him to come up with new ideas. But had he not been a Marxist, he could have become a statesman.

Lenin's seizure of power in October 1917 was certainly a turning point. But its meaning was very different from that which the communists attribute to it.

The Depression marked a turning point in American public policy. From this point on we hear no more about balanced budgets.

Whoever the president, whatever the party in power, Moynihan managed to land on his feet — and on top.

Relative to what is democracy "efficient"? Wittman does not say.

Private-property rights and laissez-faire were the fundamental heritage of the Roman law to later centuries.

By dictating key interest rates, modern central bankers are believed to be alchemists.

Non-Austrian schools have a confusion over the categorical difference between theory and history.

The socialist movement endeavors to revive the interventionist policies of the precapitalistic ages.

Say's law not only points to the fallacy of the accelerator but to its corollary, "derived demand."