In my critique of Austrian economics, I carved out a virtually unique position: Despite the Austrians' professed devotion to "realism” against neoclassical pragmatism, the latter approach is in fact far more realistic than the former.
The Foundations of Modern Austrian Economics, E.G.
Economists must either make their value judgments explicit and defend them with a coherent ethical system, or strictly refrain from entering, directly, or indirectly, into the public policy realm.
What does it mean to say that a person is entitled to own what he has produced? Israel Kirzner answers the question by way of explaining the function of entrepreneurship.
The canons of conservative orthodoxy, writes Adam Martin, overflow with aspersions cast on libertarians on the grounds that they are too individualistic.
Recorded at Mises University 2004.
