Other Schools of Thought

Displaying 1 - 10 of 1851

Why the New "GDP-B" Measure Doesn't Solve the Failures of GDP

Other Schools of ThoughtPhilosophy and Methodology

Blog04/16/2019

The thinking goes that MIT's new GDP-B measure allows the statistician to estimate a “consumer surplus.”

Read More

MMT Is Even More Dubious Than AOC's Green New Deal

Big GovernmentMoney and BanksOther Schools of Thought

Blog02/25/2019

The printing press doesn’t create real resources, it only obscures the method by which the government siphons them away from the private sector.

Read More

Two Simple Questions Keynesians Can't Answer

Money and BanksMonetary TheoryMoney and BankingOther Schools of Thought

Blog02/22/2019

Keynesian economics is the economics of debt-addicted, lower-class spendthrifts: modern governments.

Read More

Lange, Mises and Praxeology: The Retreat from Marxism

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology

Blog02/19/2019

Oskar Lange was a Marxist economist and intellectual opponent of Mises. Late in his career, he sought to merge praxeology and Marxism. 

Read More

Sorry, Stiglitz: It’s Socialism That’s Rigged — not Capitalism

Capital and Interest TheoryOther Schools of Thought

Blog11/14/2018

Ever since winning the Nobel Memorial Prize in “Economic Science” in 2001, Joseph Stiglitz has been a one-man advocacy band for growth of the state.

Read More

The Problem with Prescriptive "Rationality" in Economics

Calculation and KnowledgeOther Schools of Thought

Blog10/18/2018

Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior?

Read More

Old Wine in Old Bottles? A Nobel for Clever Packaging?

World HistoryOther Schools of ThoughtPhilosophy and Methodology

Blog10/17/2018

The Nobel committee this year showed that it has embraced clever economic modeling as a replacement for scientific progress.

Read More

The Market Isn't a Schoolmarm: The Austrian School versus Chicago

Other Schools of ThoughtValue and Exchange

Blog10/12/2018

Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.

Read More

Nobel Committee Pushes Environmental Regulation with its Latest Winners

Other Schools of Thought

Blog10/08/2018

Unfortunately, the economics Nobel this year neglects the problems at the heart of the State — the government failures that pollute and impoverish.

Read More

Austrians vs. Market Monetarists on the Housing Bubble

Booms and BustsBusiness CyclesOther Schools of Thought

Blog10/05/2018

The Austrian story fits the facts of the housing boom—and bust—much better than the preferred narrative of Market Monetarists.

Read More
Shield icon library