Milton Friedman’s Methodological Mistake
Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation.
Other Schools of Thought
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Rothbard on the Betrayal of the American Right
Patrick Newman and Tho Bishop join the show to dissect The Betrayal of the American Right, which is both a critical history and a fascinating political memoir of Rothbard's own journey to libertarianism.
The Noneconomic Objections to Capitalism
The socialists cannot help admitting that capitalism has the tendency to improve the material conditions of mankind. But, they say, it has diverted men from the higher and nobler pursuits.
Milton Friedman’s Methodological Mistake
Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation.
The Enemy Is Always the State
One day, the Institute publishes an article criticizing Republicans. The Left cheers, but the Rights denounces us. The next day we criticize Democrats and the Right cheers while the Left is enraged. Yet our position is always consistently against the state.
An Austrian Critique of Robert Mundell’s “Impossible Trinity”
The impossibility theorem, developed by Nobel-winning economist Robert Mundell, paints a false tradeoff between the free movement of capital, fixed exchange rates, and effective monetary policy. Under a gold standard, all three are a possibility.
Ross Benes on America’s Rural Rebellion
Ross Benes offers a fascinating look at how and why we have allowed politicians to alienate us, and a hopeful call for a less political America.
The Enemy Is Always the State
One day, the Institute publishes an article criticizing Republicans. The Left cheers, but the Rights denounces us. The next day we criticize Democrats and the Right cheers while the Left is enraged. Yet our position is always consistently against the state.
The Political Economy of Fear
By keeping the population in a state of artificially heightened apprehension, the government-cum-media prepares the ground for planting specific measures of taxation, regulation, surveillance, reporting, and other invasions of the people's wealth, privacy, and freedoms.
The Bigotry of the Literati
"The few independent thinkers who have the courage to question these dogmas are virtually outlawed, and their ideas cannot reach the reading public. ... 'progressive' propaganda and indoctrination has well succeeded in enforcing its taboos. "
