Displaying 1 - 10 of 1871
Other Schools of ThoughtPhilosophy and MethodologyPrices
Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.
Austrian Economics OverviewOther Schools of Thought
Henry Hazlitt's The Failure of the "New Economics" published in 1959, is still the best refutation of Keynesian economics to be found anywhere — sixty years later.
Free MarketsSocialismOther Schools of Thought
Socialism and capitalism offer radically different solutions to the problem posed by scarcity.
EntrepreneurshipOther Schools of ThoughtPhilosophy and Methodology
Efficiency is backward-looking and static, while value creation is future-oriented and aspirational.
Money and BanksMoney and BankingOther Schools of Thought
The "Velocity of Money" Is a product of human choices and human values. It's not something we can just plug into an equation.
Austrian Economics OverviewOther Schools of ThoughtPhilosophy and Methodology
Austrian economics diverges in several important ways from that followed by our colleagues in the mainstream of the profession.
Book ReviewsTaxes and SpendingOther Schools of Thought
In the words of Henry Hazlitt, "ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors."
SocialismWorld HistoryOther Schools of Thought
Marx said that what he wanted was to create a one-world state. And that was Lenin’s idea too.
Other Schools of ThoughtPhilosophy and Methodology
The thinking goes that MIT's new GDP-B measure allows the statistician to estimate a “consumer surplus.”
Big GovernmentMoney and BanksOther Schools of Thought
The printing press doesn’t create real resources, it only obscures the method by which the government siphons them away from the private sector.