Other Schools of Thought

Displaying 1 - 10 of 1861

Why Socialism Must Fail

Free MarketsSocialismOther Schools of Thought

Blog07/08/2019

Socialism and capitalism offer radically different solutions to the problem posed by scarcity.

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Why Modern Economics' Fixation with "Efficiency" Is Dangerous

EntrepreneurshipOther Schools of ThoughtPhilosophy and Methodology

Blog07/05/2019

Efficiency is backward-looking and static, while value creation is future-oriented and aspirational. 

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What the Number Crunchers Get Wrong about the "Velocity of Money"

Money and BanksMoney and BankingOther Schools of Thought

Blog06/22/2019

The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.

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I'm An Austrian Economist: What Does It Mean?

Austrian Economics OverviewOther Schools of ThoughtPhilosophy and Methodology

Blog06/10/2019

Austrian economics diverges in several important ways from that followed by our colleagues in the mainstream of the profession.

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Hazlitt Predicted Economics in Two Lessons

Book ReviewsTaxes and SpendingOther Schools of Thought

Blog05/15/2019

In the words of Henry Hazlitt, "ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors."

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Nationalism, Socialism, and Violent Revolution

SocialismWorld HistoryOther Schools of Thought

Blog05/02/2019

Marx said that what he wanted was to create a one-world state. And that was Lenin’s idea too.

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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.”

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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.

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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.

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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. 

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