Praxeology

Displaying 111 - 120 of 531
David Gordon

Philosopher Michael Huemer creates a challenge to the a priori methodology, but David Gordon answers the bell.

Michael Matulef

The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life.

Frank Shostak

One of the standard doctrines of mainstream economics is that the assumptions of a model do not have to reflect reality. Austrian economics vociferously disagrees.

Andreas Granath

Austrian economists have long emphasized the importance of time preference in determination of interest rates and the direction of the economy. Here is more evidence of why that is true.

Oscar Damberg

Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.

Frank Shostak

Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.