If you approach Austrians economics from a Marxian-style dialectic, as Janek Wasserman does, then you will miss the entire point of the school of thought and its contribution to the science of economics.
An excerpt from the Introduction to How to Be Profitable and Moral By Jaana Woiceshyn.
When The Black Book of Communism: Crimes, Terror, Repression appeared originally in France in 1997, it caused a firestorm of controversy.
Why did so many people turn their backs on the Western ideal of democratic, limited government and a market economy based on private ownership of the means of production?
To consume, men must first produce.
By removing the market’s solution to collapsing banks, this unraveling forced electorate-sensitive governments to take up the residual risk and backstop the financial system that Scottish banks themselves so effectively regulated in the past.
How and why governments have used the power of issuing official travel documents as a means of restricting the free movement of people during the last 200 years.
Interventions inevitably generate imbalances in the market that will force the government to either repeal the existing interventions or extend them in the futile attempt to use new interventions to compensate for the distortions its prior interventions have created, until finally the market has been supplanted by the command economy through a process of incremental expansion of the regulations and controls.
Karl Marx’s stubborn political staying power also requires that we grapple with his theory in an intelligent fashion and that we engage him seriously even if we judge his conclusions wanting.
Steven Kates refutes Keynes’s caricature of the classical economists. Ultimately it is always goods that are traded for goods. Say’s Law, properly understood, explains both what causes unemployment and how to solve it..
Mises’s brilliant treatise continues to be read and taken seriously as a cornerstone for understanding the nature of the free society and the workings of the market economy.
The actual injustice is that America has sold out the region’s only free society, Israel—along with freedom-seeking people across the Middle East and among the Palestinian community—while empowering jihadist forces.
It is time for advocates of capitalism to come out of the closet.
Sowell shows that socioeconomic outcomes differ vastly among individuals, groups and nations in ways that cannot be easily explained by any one factor, whether it’s genetics, sex or race discrimination.
In his 1910 textbook, Elementary Principles of Economics, world-renowned Yale Professor Irving Fisher devoted part of a chapter to “Population in Relation to Wealth.” Fisher warned of the problem of “race suicide” caused by the fact that the most...
From the Audible website: “Black history and American history are forever intertwined. Limiting any celebration of Black history to a single month on the calendar does a disservice to the Black men and women who were (and are) integral to making...
Philosopher Ayn Rand on why “the greatest good for the greatest number” is one of the most vicious slogans ever foisted on humanity.
“Americanism” is not rooted in the nation, the race, or any other collective, but in a universal ideal: individualism.