Why Transaction Cost Analysis is Attractive, and Very Flawed
Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.
Philosophy and Methodology
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Wage Earners and Employers
The characteristic principle of capitalism is that it is mass production to supply the masses. Big business serves the many.
Intellectual Cover for Socialism
But how can anyone deny that the East German or Russian experience is decisive evidence against socialism? The answer lies in creating a arcane theories that make socialism sound reasonable.
You May Be Biased — But That Doesn’t Make You Wrong
Yes, many researchers are biased. But as Mises noted: "Reference to a thinker's bias is no substitute for a refutation of his doctrines by tenable arguments."
Economics: Vocation or Profession?
The vocational economist is dedicated to a body of ideas — not merely money, fame, or power — and strives to master the system of economic theory as handed down by the great system builders and innovators of the past.
Deneen’s Why Liberalism Failed Attacks a Fake Version of Liberalism
Patrick Deneen lumps everything he dislikes under the label of "liberalism." But one is left wondering if he is familiar enough with liberalism's history to pass judgment on it.
The Class Struggle
The workers were never enthusiastic about socialism. Socialism was brought to the masses by intellectuals of bourgeois background, dining and wining together in the luxurious London homes and country seats of late Victorian "society."
