Review of Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World
An economics that forsakes the dignity of the human person and his capacity for creativity and aesthetics does so at its own peril and disgrace.
Philosophy and Methodology
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Economic Data Without Good Economic Theory Is Useless
Empirical data is useful as historical information. But to interpret the data, we require good economic theory.
Economic Indulgences: Old and New Debates on Welfare and Freedom
I fear we will make little progress politically or economically if the attachment to emotionalism does not change in favor of economic realism.
Equality and The American Democrat
James Fenimore Cooper, America's first national novelist, saw real danger from the impulse toward majority rule as a panacea for every complaint.
The Continuing Relevance of Mises’s Human Action
In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.
The Myth of “Macroeconomics”
The macroeconomic approach looks upon an arbitrarily selected segment of the market economy as if it were an integrated unit.
The “Lucas Critique” Is Misesian at its Core
Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.
Millennials Love Free Markets, But Don’t Understand Them
How is it possible for Millennials to favor both a socialist government and a capitalist economy? It is simple, they don't truly understand the concepts.
Why Social Welfare Programs and Democracy Cannot Co-Exist
John Stuart Mill and Ludwig von Mises realized that democracy can only work if the voters pay more into the system than they take out of it.
