Other Schools of Thought

Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.

In such proposals as let us raise farm prices, let us raise wage rates, let us lower profits, let us curtail the salaries of executives the "us" ultimately refers to the police.

Hayek relentlessly scrutinizes and exposes the weak and patchwork structure of Keynes's theoretical arguments and then dismantles it brick by brick, leaving nothing standing.

He is the man who wants alcoholic liquors for any honest purpose whatsoever, who would use his liberty without abusing it, who would occasion no public question, and trouble nobody at all.

The Left has long used literature as a way of pushing opposition to "the bourgeoisie"—or its modern variants such as "the patriarchy."  

The only permanent way to cure poverty is to increase the earning power and productivity of the poor.

We wrap up our look at Murray Rothbard's sprawling two volume An Austrian Perspective on the History of Economic Thought with Dr. Joe Salerno, Rothbard's friend and colleague. 

The 2021 Nobel Prize in Economics has been awarded to Berkeley's David Card, MIT's Josh Angrist, and Stanford's Guido Imbens for their work on "natural experiments," a currently fashionable approach to estimating the causal impact of one economic variable on another. 

Was Rothbard's harsh criticism of Adam Smith justified, or was Smith actually an early and valiant proponent of laissez-faire? Hunter Hastings and Jonathan Newman join Jeff Deist to discuss. 

Using a recent Paul Krugman column as the jumping off point, the Mises Institute Academic Vice President Joe Salerno explains and defends Austrian business cycle theory.