Austrian Economics versus Keynesian Macroeconomics and Modern Monetary Theory
Presented at Mises University 2020.
Other Schools of Thought
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The First Socialists: The Saint-Simonians and the Utopians
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 vs. Say
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.
The Problem with Measuring “Consumer Sentiment”
Information on consumer sentiment is potentially helpful, but only insofar as sentiment reflects the reality of the economic situation.
The Rise, Fall, and Renaissance of Classical Liberalism
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.
The Quantity Theory of Money and the Equation of Exchange
Bad theories have a long life in the social sciences, and the crude quantity theory of money is one that refuses to go away.
Keynesians on the Cause of, and Cure for, Depressions
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.
