Other Schools of Thought

The great boon of human freedom experienced in earlier decades has, in the long record of thousands of years, been enjoyed by a mere fraction of the people and for only a brief moment in history

Andy Duncan joins Jeff to review an overlooked classic by Mises:The Anti-Capitalistic Mentality.

One of the most brilliant and forceful attacks on Cold War foreign policy in the postwar era came from the pen of the veteran free-market publicist Garet Garrett, In his pamphlet "The Rise of Empire."

In every administration, the tools of inflation, borrowing, taxation, and regulation are used to transfer wealth from the people to the government.

In the words of Henry Hazlitt, "ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors."

The objections raised against the market economy are based on very bad economics.

Marx said that what he wanted was to create a one-world state. And that was Lenin’s idea too.

As the Marxians do not admit that differences of opinion can be settled by discussion and persuasion or decided by majority vote, no solution is open but civil war.

The thinking goes that MIT's new GDP-B measure allows the statistician to estimate a “consumer surplus.”

J.B. Say and the French Liberal School absorbed a method of approach that was, implicitly at least, subjectivist and individualist. And herein lies the reason for many modern critics' disparagement of the Liberal School.