Other Schools of Thought

Displaying 1 - 10 of 1788

MacLean on James Buchanan: Fake History for an Age of Fake News

Other Schools of ThoughtPhilosophy and Methodology

Blog07/10/2017
Nancy MacLean's history of a right-wing conspiracy inspired by economist James Buchanan relies on poorly reported and poorly interpreted history.

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How Magical is the Keynesian Multiplier?

Money and BankingOther Schools of Thought

Blog05/18/2017
Real wealth comes from greater production and saving. More spending — especially when spurred by printing money — doesn't make us rich.

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Marx: The Economist's Economist

World HistoryAustrian Economics OverviewOther Schools of Thought

Marx's original thinking amounted to nothing more than equivocal statements, half-baked arguments, and crude claims unsupported by any empirical facts.

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William Baumol, RIP

Legal SystemEntrepreneurshipOther Schools of Thought

Blog05/05/2017
Baumol leaves behind an influential body of research on numerous topics relating to entrepreneurship, innovation, and economic growth.

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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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