Other Schools of Thought

Even though research commenced in the 1970s, behavioral finance has only now gained wider currency with its terminology and ideas more widely disseminated and accepted.  

Groupthink is a process of gradualism that seeks to gently merge the followers into a pack with leaders.

Recently, Paul Krugman published his own critique of the Bush tax cut in a short, popular book entitled Fuzzy Math.

Why do economists like Becker and others who say they favor free markets blindly support antitrust laws in all of their wretched excesses?  

For many years, freedom and liberty have been in great peril in the United States. A speech by George Reisman

The political and ideological forces that gave rise to Bolshevism at the turn of the century are similarly inspiring the movement that looted and burned last month in Genoa.

In 1920, Ludwig von Mises gave the first full explanation why collective ownership of the factors of production leads to economic chaos. Dan Mahoney restates Mises's position.  

The Fed, the media, and most economists agree: Spending is what drives an economy forward. Frank Shostak shows why this view is wholly incorrect.

In an amazing rhetorical trick, the press has a new name for central planning and price control: deregulation. Don Mathews shows how and why this is done.

If there is a case to be made for this social theory, Professor Yeager makes it. In the end, however, the effort doesn't succeed. Review by Robert Murphy.