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Money and BankingPhilosophy and Methodology
Thanks to politics, confirmation bias, and bad monetary economics, central banks have a lousy record when it comes to economic forecasts.
Philosophy and MethodologyPolitical Theory
The Marxist dialectic was purported to explain every development in Soviet society. But so much wishful thinking was required that eventually it all just became a subject for jokes.
Philosophy and MethodologyPraxeology
Mises defends praxeology using philosophical minimalism, that is, by sticking to the core fact that people act and make choices.
CapitalismMedia and CulturePhilosophy and Methodology
Yes, capitalism is more efficient than socialism, but to build a compelling argument for free market capitalism, defenders of liberty must also articulate that it is a superior moral system.
Human action cannot be analyzed in the same way that one would analyze objects. These quantitative methods do not improve our knowledge of the driving causes in economics.
If you say to someone that he won’t get what he is aiming for by using the means he has chosen, you aren’t making a value judgment yourself. You are making a strictly scientific statement.
Hurting innocents is never okay, but apologists for the bombing of Hiroshima and other state atrocities find this "purist" position inconvenient.
Philosophy and MethodologySubjectivismValue and Exchange
Interpersonal utility can't be measured. After all, if you can't measure a single person's utility, it makes no sense at all to measure one person's utility against that of another.
HealthMedia and CulturePhilosophy and Methodology
Government planners have embraced a materialistic view of human beings which cheapens the importance of family and social events. These "experts" fail to understand what being human really means.
Austrian Economics OverviewPhilosophy and Methodology
If people want to dismiss this school of thought, which many seem inclined to do for political (not theoretical) reasons, at least they should do so based on facts and knowledge, not on falsehoods.