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EducationPhilosophy and Methodology
Empirical data is useful as historical information. But to interpret the data, we require good economic theory.
U.S. HistoryPhilosophy and MethodologyPolitical Theory
James Fenimore Cooper, America's first national novelist, saw real danger from the impulse toward majority rule as a panacea for every complaint.
EducationHistory of the Austrian School of EconomicsPhilosophy and Methodology
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.
EducationOther Schools of ThoughtPhilosophy and Methodology
The macroeconomic approach looks upon an arbitrarily selected segment of the market economy as if it were an integrated unit.
Philosophy and MethodologyPraxeologySubjectivism
Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.
Taxes and SpendingPhilosophy and MethodologyPolitical Theory
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.
StrategyPhilosophy and MethodologyPolitical Theory
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.
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.
Global EconomyInterventionismPhilosophy and Methodology
Central planning relies on successfully predicting the future. Unfortunately for central planners, this is an impossible task.
Philosophy and MethodologySubjectivismValue and Exchange
Mises maintained that humans act out of self interest. But that doesn't mean others can't benefit from those actions, regardless of intent.