Neoclassical economists are apt to define away individual differences by packing them into a homogeneous category called "tastes." But this quarantines what economists should be studying.
Interventionism is often justified on grounds of "efficiency," as defined by judges and economists who have no stake in the outcome of disputes over property rights. Gene Callahan explains the Austrian view.
Thomas Sowell's new introductory text has its strengths, and texts that are friendly to the free market are too rare. Still, Austrian reviewer Gene Callahan has some reservations.
