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Other Schools of ThoughtPrivate Property
The broken-window fallacy, under a hundred disguises, is the most persistent in the history of economics. It is more rampant now than at any time in the past.
Other Schools of Thought
For Hayek, "The fools are those who believe they know more than they do."
SocialismOther Schools of Thought
Socialism has long led to pitting one group against another. But many younger taxpayers have yet to see the downside to this.
Austrian Economics OverviewHistory of the Austrian School of EconomicsOther Schools of Thought
A debate between Böhm-Bawerk and John Bates Clark helps explain the foundational differences between Austrians and neoclassical monetarists.
History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology
Eric Posner and Gen Weyl's diagnosis of economics is accurate, but their cure is worse than the disease.
Other Schools of ThoughtPhilosophy and Methodology
Without Lenin's political successes, Marx's writings would have been forgotten long ago.
Booms and BustsBusiness CyclesOther Schools of Thought
Letting data drive theory is like groping in the dark hoping to find not only a light switch, but the very idea of a light switch as well.
Free MarketsOther Schools of Thought
One of the main shortcomings of the mathematical economists is that they deal with a "static state" as if it were something really existing.
The fundamental concept of the Communist Manifesto was that of “class” and “class conflict.” But Marx didn’t say what a “class” was.
Taxes and SpendingOther Schools of ThoughtPhilosophy and Methodology