Displaying 1 - 10 of 1827
Calculation and KnowledgeOther Schools of Thought
Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior?
World HistoryOther Schools of ThoughtPhilosophy and Methodology
The Nobel committee this year showed that it has embraced clever economic modeling as a replacement for scientific progress.
Other Schools of ThoughtValue and Exchange
Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.
Other Schools of Thought
Unfortunately, the economics Nobel this year neglects the problems at the heart of the State — the government failures that pollute and impoverish.
Booms and BustsBusiness CyclesOther Schools of Thought
The Austrian story fits the facts of the housing boom—and bust—much better than the preferred narrative of Market Monetarists.
Big GovernmentMedia and CultureOther Schools of Thought
Besides the fun of catching Krugman in his flip-flops, his record shows just how weak the empirical case for Keynesian fiscal policy is.
BiographiesHistory of the Austrian School of EconomicsOther Schools of Thought
Fetter is mostly neglected today, but he had a powerful influence on practically every Austrian economist in the first half of the 20th century.
Money and BanksMonetary TheoryMoney and BankingOther Schools of Thought
It's not really true that governments can always just print money to pay off their debts.
SocialismWorld HistoryOther Schools of Thought
Mises showed that the distinctions between Marxist and "Anti-Marxist" socialists are on the surface. Economically, they are united.
Big GovernmentSocialismOther Schools of Thought
Paul Krugman is right to praise Denmark, but he likes the one thing that they’re doing wrong and overlooks all the things they get right.