Other Schools of Thought

Displaying 71 - 80 of 1872

Infrastructure and Public Works: Crowding Out and Economic Instability

Booms and BustsOther Schools of Thought


While the policy may appear to work ─ the effect is temporary. One can achieve a short term lower unemployment rate but only at the cost of higher unemployment long term and increased instability.

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Nine Schools of Economic Thought

Austrian Economics OverviewOther Schools of Thought


Here is an interesting table comparing 9 schools of economic thought.

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Central Banks Are Not Innocent Bystanders

Money and BanksMoney and BankingOther Schools of Thought


Mises Daily Monday by Peter St. Onge: 

The Economist recently opined that interest rates don't affect investment....

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Military Socialism

War and Foreign PolicyEntrepreneurshipOther Schools of Thought


There’s a long history of comparing market competition to warfare. Game theorists, for example, sometimes use metaphors borrowed from military strategy to talk about...

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On Pure Capitalism

Other Schools of ThoughtPolitical Theory


"A social system based on this natural position regarding the assignment of property rights is, and will from now on be called, pure capitalist.  And since its ideas can be discerned as the dominating ideas of private law, i.e., of the norms regulating relations between private persons...

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Reducing Demand By Increasing Taxes: The Non-Logic of Road Socialism

Taxes and SpendingOther Schools of ThoughtPolitical Theory


When entrepreneurs and business owners and managers face difficulties in the market, it is rare for them to throw in the towel, blame the customer, increase prices and hope that the problem goes away. A business that does not live up to the expectations of the customer becomes marginalized and...

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The Real Aggressor

Other Schools of ThoughtPolitical Theory


A sign of our time is the split-personality of the conservatives, wrote Rothbard in 1954. Many to the right of center are off on a schizophrenic pursuit of both liberty and collectivism. In domestic affairs this regrettable condition is gradually being recognized for what it is. But the time is...

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The Church of Keynes

Other Schools of Thought


The work cumbersomely entitled, The General Theory of Employment, Interest and Money, now commonly abbreviated as "The General Theory," was published in 1936. Probably no other book has ever produced in so little time a comparable effect. It has tinctured, modified, and conditioned economic...

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Austrian Economics vs. Bernanke's Economics

Other Schools of ThoughtPolitical Theory


Economists of the Austrian School of economics define inflation differently than much of the mainstream of the economics profession, writes By Gary Danelishen. The typical mainstream intermediate macroeconomics textbook defines inflation as "an increase in the overall level of prices." Ludwig...

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