Other Schools of Thought

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Austrian Economics vs. Bernanke's Economics

Other Schools of ThoughtPolitical Theory


Economists of the Austrian School of economics define inflation differently than much of the mainstream of the economics profession, writes By Gary Danelishen. The typical mainstream intermediate macroeconomics textbook defines inflation as "an increase in the overall level of prices." Ludwig...

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Garrett on the Planned Economy

Big GovernmentWorld HistoryInterventionismOther Schools of Thought


In the newest issue of American Affairs to see the light of day after 60 years, Garet Garrett once again carries the day:

There are only two kinds of planned economy; and for all they may have, or seem to have, in common...
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Socialism Exposed by Natural Disaster

The EnvironmentWorld HistoryOther Schools of Thought


William Anderson today talks about America's pockets of socialism and how they collapse when tested. Meanwhile, in the prison called North Korea, there is massive flooding and...

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Polish Man Discovers Life Better After Communism

World HistoryOther Schools of Thought


USA Today reports on Jan Grzebska, a polish worker who awakened from a 19-year coma. When he suffered a head injury, Poland was communist. Now, according to his wife, "He was so amazed to see the colorful streets, the goods...

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Bloggers Union?

Taxes and SpendingOther Schools of ThoughtPolitical Theory


Some left-leaning bloggers want to form one in order to "receive health insurance, conduct collective bargaining or even set professional standards."

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Oh how brave they are to love the state

Other Schools of ThoughtPolitical Theory


Many people have sent us this article from the NYT, one that recounts how a small but exceedingly brave group of heterodox economists have dared question the free-market orthodoxy of the profession. It's the same version...

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How to Whitewash Aggression

Other Schools of ThoughtPolitical Theory


If you are collecting them, here are two amusing pro-socialism pieces of propaganda: - Pyramid of the Capitalist System - Utopia in North Korea

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Neoclassical Economics = Marxism?

Other Schools of ThoughtPhilosophy and MethodologyPolitical Theory


I had a enlightening exchange with an international economics professor recently about Marxist dogmas inserted into neoclassical economics. At least, her brand of them.

We had debated several times before in class to no effect. This professor has apparently never familiarized herself with...

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Oh, Communists, how we love you!

World HistoryOther Schools of ThoughtPolitical Theory


The New York Times reports on the thrilling, spectacular, amazing, happy happy news that the Communist Party USA has donated its complete archives to New York University. What a treasure trove...

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