The “Homo Economicus” Straw Man
To understand the marketplace, it is not necessary to believe in the existence of a selfish, profit-maximizing human.
To understand the marketplace, it is not necessary to believe in the existence of a selfish, profit-maximizing human.
It is possible to have greater income equality and greater economic growth. It simply requires more free market policies and less government interventionism.
Modern Monetary Theory (MMT) is a hip economic/financial paradigm apparently sweeping a world unsatisfied with mainstream economics.
The socialist and anti-liberal movements we now face comes to use from intellectuals, aristocrats, and other elites. The "proletariat" has had no role in devising the movements we're told serve the interests of "the people."
The growth of statistics, often developed originally for its own sake, ends by multiplying the avenues of government intervention and planning.
The Nazis did not invent polylogism — the idea that only certain groups are capable of correctly understanding the world. Marx pioneered that idea. But the Nazis did invent their own race-based version of it.
Let us consider the process that led to the decline and disappearance of classical Roman civilization.
Government power rests on the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. Those who want more government want more compulsion and less freedom.
Rothbard discusses the differences between Mises's and Kirzner's concept of the entrepreneur.