Other Schools of Thought

Presented at Mises University 2020.

Presented at Mises University 2020.

Presented at Mises University 2020.

While collectivism was implied in Sismondi’s idea of a “general interest,” Owen and Fourier offered the first formal expression of full socialist collectivization.

Keynes's "greatest achievement," according to his admirers, was his famous "refutation" of Say's law. Yet Say's law actually remains more relevant than ever.

Information on consumer sentiment is potentially helpful, but only insofar as sentiment reflects the reality of the economic situation.

In this sweeping but brief history of classical liberalism, historian Ralph Raico recounts how this ideology has for centuries formed the only true intellectual opposition to despots and socialists over the past five hundred years.

Bad theories have a long life in the social sciences, and the crude quantity theory of money is one that refuses to go away.

Keynes viewed depressions as something that could naturally plague market economies when total spending was insufficient to support full employment. Only with wise oversight could we hope to achieve steady economic growth.

The new Keynesian recommendation for monetary policy is to “stabilize the growth of aggregate demand.” In plain language this means that the monetary authorities should never stop flooding the economy with paper money.