Displaying 1 - 10 of 165

James Buchanan on Methodological Individualism and the Market Process

Philosophy and MethodologySubjectivism

A rigorous application of methodological individualism is perhaps what most separates the Austrian and Public Choice schools from most others.

Read more

Consumers Are Smarter than Bureaucrats Think


The government doesn't think you can make good choices voluntarily. So it's happy to step in and force you to make "better" choices.

Read more

NFL's Problem is Poor Product, not Disrespect


One only has to follow the money to learn the real reason pro football ratings are down — competition from college football.

Read more

Is Forced Military Service Good for the Economy?

Taxes and SpendingWar and Foreign PolicySubjectivismValue and Exchange

The latest argument in favor of conscription is that it's good for the economy. But, it's all just another central-planning scheme.

Read more

The Myth of Infrastructure Spending

Taxes and SpendingSubjectivism

Almost everyone agrees that infrastructure spending is always a slam dunk for the economy. Unfortunately, they're often wrong.

Read more

Is it Junk or Is it Art?

SubjectivismValue and Exchange


The value of objects can change without any physical change to the object at all. I need only tell you that some junk you see is really art.

Read more

The "Lucas Critique" Is Misesian at its Core

Philosophy and MethodologyPraxeologySubjectivism


Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.

Read more

What Pokémon Go Teaches Us About Capitalism

The EntrepreneurMedia and CultureSubjectivism


Pokémon Go contains many elements of capitalism, even those which its critics most revile.

Read more

Was Mises a Cynic?

Philosophy and MethodologySubjectivismValue and Exchange


Mises maintained that humans act out of self interest. But that doesn't mean others can't benefit from those actions, regardless of intent.

Read more

Shield icon library