Philosophy and Methodology

Binary economics is a theory of economic growth that places emphasis upon the distribution of capital, rather than the quantity of capital or the productivity of labor. 

Macroeconomics has developed over seventy years from John Maynard Keynes’s General Theory to the currently fashionable mathematical models that feature efficient markets and rational expectations.

Robbins contributed the most definitive modern definition of the discipline, one which is now widely accepted. Although limited by his overly restrictive assumptions on information, 

There are two views of monopoly within what might be called the broad Austrian camp.

The differing attitudes of Plato and Rousseau toward specialization and the division of labor color their views on who should formulate policy on p

Professor Loren E.

This paper compares the work of two pioneers in the field of law and liberty: F. A. Hayek and his predecessor, Frédéric Bastiat.

Over the span of one hundred and fifty years, dissatisfaction with one or more of the fundamental postulates of theoretical economics has given imp

What should be a free country’s policy toward foreigners who would wish to live there?

This paper is an attempt to use what is essentially “public choice” analysis- which assumes that individuals will make “rational&