An essential aspect of the Mengerian-Misesian tradition — the emphasis that it puts on the entrepreneurial character of all human action, that is, its inherent entanglement with the problems of scarcity and uncertainty.
"Climate justice" would bring with it mass unemployment and major economic distress. Activists ignore the true costs, while discounting market solutions.
Austrian economics in particular provides the historian with a theoretical apparatus that equips him with the ability to make disembodied statistics tell a coherent and accurate story.
Thornton has effectively defended the market economy against the conventional view that recent economic crises show we have too much freedom, and we need still more controls.
