The objections raised against the market economy are based on very bad economics.
Professor William Anderson and Jeff Deist discuss the most important and devastating critique of administrative rule ever written.
State-centered ideas around crime focus on imprisonment and punishment. But a restitution-centered model would be much better for victims.
All human action stems from the value judgments of individuals. Economics, properly understood, was never so foolish as to believe that all that people are after is higher incomes and lower prices.
Bob Murphy and C. Jay Engel discuss Doug Henwood’s recent critique of modern monetary theory in Jacobin magazine.
The Scholastics were constrained in their development of economics by considerations of deference to authority and by the relatively slow development of the external economic conditions upon which to reflect.
"The power to issue money was essential for the finance of the government … in order to give to government access to the tap where it can draw the money it needs by manufacturing it."
Bob and Warren Mosler discuss the assumptions behind Modern Monetary Theory and its implications for economic policy.
