Philosophy and Methodology

William Graham Sumner did not believe in "social Darwinism" as his critics think, but rather that to survive, people must organize themselves in a society. Sumner is right.

In her history of liberalism (both classical and otherwise) Helena Rosenblatt relies on a caricature of liberals as radically individualistic and concerned only with material gain. This is an unfortunate mistake. 

Many say economics must focus on preserving resources for distant future generations. They say climate change is why. That's may seem convincing in the abstract, but we soon learn how hard it is to predict future needs, and to ignore present ones.

Many say economics must focus on preserving resources for distant future generations. They say climate change is why. That's may seem convincing in the abstract, but we soon learn how hard it is to predict future needs, and to ignore present ones. 

Given that so much of the world is in the grip of false ideologies, what can we do? Mises says that the answer does not lie in international organizations or treaties. “It is futile to place confidence in treaties, conferences, and…bureaucratic outfits" 

Manent insists that if political leaders don’t lead society, we will have a society that isn’t led by political leaders. So what?

The task at hand is the study of the problems of the determination of prices and interest rates. This task requires a sharp distinction between money-certificates and fiduciary media.

Manent insists that if political leaders don’t lead society, we will have a society that isn’t led by political leaders. So what?

Thanks to politics, confirmation bias, and bad monetary economics, central banks have a lousy record when it comes to economic forecasts.

Manent insists that if political leaders don’t lead society, we will have a society that isn’t led by political leaders. So what?