Other Schools of Thought

Displaying 1 - 10 of 1779

Moral Hazard: Kenneth Arrow vs. Frank Knight and the Austrians

EntrepreneurshipInterventionismOther Schools of Thought

Blog03/14/2017
Rather than impartial referees reducing moral hazard, governments are its most common cause.

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Mises Contra Marx

History of the Austrian School of EconomicsOther Schools of Thought

Blog03/13/2017
Mises, more forcefully than any other critic, penetrates to the essence of Marx's fallacious view.

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Remembering Oskar Morgenstern

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and Methodology

Blog01/25/2017
Morganstern is best known as the co-developer of modern game theory with John von Neumann in their 1944 book, The Theory of Games and Economic Behavior.

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The Homo Economicus Straw Man

Free MarketsOther Schools of ThoughtPhilosophy and Methodology

Blog10/26/2016

To understand the marketplace, it is not necessary to believe in the existence of a selfish, profit-maximizing human.

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Robert D. Tollison, RIP

BiographiesOther Schools of Thought

Blog10/24/2016

Tollison was one of the most inventive, prolific, and impactful scholars of our generation.

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The 2016 Nobel Prize: Incentives, Property Rights, and Ownership

Media and CultureOther Schools of Thought

Blog10/10/2016

While not Austrian, the body of work by Hart and Holmström is worth careful study and has interesting implications for Austrians.

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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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Not Every Bad Policy is Socialist

StrategyInterventionismOther Schools of Thought

Blog08/22/2016

In free-market circles, most government intervention is dismissed as "socialist," with the result that the term has lost its true meaning.

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Keynes Must Die

Money and BanksMoney and BankingOther Schools of ThoughtPolitical Theory

Keynesian economics enjoys universal approval among the political classes. But the whole Keynsian project must be abandoned if we desire economic prosperity.

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