Philosophy and Methodology

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Economic Data Without Good Economic Theory Is Useless

EducationPhilosophy and Methodology

Blog09/13/2016

Empirical data is useful as historical information. But to interpret the data, we require good economic theory.

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Equality and The American Democrat

U.S. HistoryPhilosophy and MethodologyPolitical Theory

Blog09/09/2016

James Fenimore Cooper, America's first national novelist, saw real danger from the impulse toward majority rule as a panacea for every complaint.

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The Continuing Relevance of Mises's Human Action

EducationHistory of the Austrian School of EconomicsPhilosophy and Methodology

Blog09/08/2016

In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.

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The Myth of "Macroeconomics"

EducationOther Schools of ThoughtPhilosophy and Methodology

Blog09/07/2016

The macroeconomic approach looks upon an arbitrarily selected segment of the market economy as if it were an integrated unit.

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The "Lucas Critique" Is Misesian at its Core

Philosophy and MethodologyPraxeologySubjectivism

Blog08/30/2016

Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.

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Millennials Love Free Markets, But Don't Understand Them

Taxes and SpendingPhilosophy and MethodologyPolitical Theory

Blog08/24/2016

How is it possible for Millennials to favor both a socialist government and a capitalist economy? It is simple, they don't truly understand the concepts.

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Why Social Welfare Programs and Democracy Cannot Co-Exist

StrategyPhilosophy and MethodologyPolitical Theory

Blog08/15/2016

John Stuart Mill and Ludwig von Mises realized that democracy can only work if the voters pay more into the system than they take out of it.

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The Unique Evil of the Left

World HistoryPhilosophy and MethodologyPolitical Theory

Since the French Revolution, leftism has served as the impetus for many of the state's worst massacres and totalitarian impulses.

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Brexit Shows Why Central Planning Won't Work

Global EconomyInterventionismPhilosophy and Methodology

Blog07/07/2016

Central planning relies on successfully predicting the future. Unfortunately for central planners, this is an impossible task.

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Was Mises a Cynic?

Philosophy and MethodologySubjectivismValue and Exchange

Blog07/05/2016

Mises maintained that humans act out of self interest. But that doesn't mean others can't benefit from those actions, regardless of intent.

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