Displaying 1 - 10 of 1875
The EnvironmentTaxes and SpendingOther Schools of Thought
Activists who genuinely believe the world faces catastrophe should give serious consideration to David Henderson’s reasons for thinking a carbon tax might be a false “solution."
World HistoryOther Schools of ThoughtPhilosophy and Methodology
By advocating an increased monetary role for the state, Keynes has made the credit cycle considerably worse and more destabilising.
History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology
The General Theory is not a book explaining economics to his followers at all, but a propaganda tool to lead them to his vision of a non-Marxist socialist nirvana.
The EntrepreneurFree MarketsOther Schools of Thought
Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.
Other Schools of ThoughtPhilosophy and MethodologyPrices
Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.
Austrian Economics OverviewOther Schools of Thought
Henry Hazlitt's The Failure of the "New Economics" published in 1959, is still the best refutation of Keynesian economics to be found anywhere — sixty years later.
Free MarketsSocialismOther Schools of Thought
Socialism and capitalism offer radically different solutions to the problem posed by scarcity.
EntrepreneurshipOther Schools of ThoughtPhilosophy and Methodology
Efficiency is backward-looking and static, while value creation is future-oriented and aspirational.
Money and BanksMoney and BankingOther Schools of Thought
The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.
Austrian Economics OverviewOther Schools of ThoughtPhilosophy and Methodology
Austrian economics diverges in several important ways from that followed by our colleagues in the mainstream of the profession.