Other Schools of Thought

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The Absurdity of Keynesian Economics

Big GovernmentU.S. HistoryOther Schools of Thought

Blog06/05/2018

There is good reason to study Keynesianism: It helps us understand what the policymakers in government are likely to do in any given circumstance.

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The Broken Window

Other Schools of ThoughtPrivate Property

Blog05/30/2018

The broken-window fallacy, under a hundred disguises, is the most persistent in the history of economics. It is more rampant now than at any time in the past.

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Socialism Is No Longer a Dirty Word

SocialismOther Schools of Thought

Blog05/25/2018

Socialism has long led to pitting one group against another. But many younger taxpayers have yet to see the downside to this. 

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Böhm-Bawerk vs. the Neoclassical School

Austrian Economics OverviewHistory of the Austrian School of EconomicsOther Schools of Thought

Blog05/23/2018

A debate between Böhm-Bawerk and John Bates Clark helps explain the foundational differences between Austrians and neoclassical monetarists. 

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No More Top-Down Revolutions

Other Schools of ThoughtPhilosophy and Methodology

Blog05/07/2018

Without Lenin's political successes, Marx's writings would have been forgotten long ago.

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"More Data" Won't Improve Economists' Lousy Predictions

Booms and BustsBusiness CyclesOther Schools of Thought

Letting data drive theory is like groping in the dark hoping to find not only a light switch, but the very idea of a light switch as well. 

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The Static Mentality

Free MarketsOther Schools of Thought

Blog04/09/2018

One of the main shortcomings of the mathematical economists is that they deal with a "static state" as if it were something really existing.

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Class Conflict and Revolutionary Socialism

SocialismOther Schools of Thought

Blog03/16/2018

The fundamental concept of the Communist Manifesto  was that of “class” and “class conflict.” But Marx didn’t say what a “class” was.

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