Other Schools of Thought

For the usual readers of free market books, Naked Economics promises exciting reading. Charles Wheelan, an American correspondent of London’s Economist 

The book distinguishes seven different schools of macroeconomic thought: orthodox Keynesianism, orthodox monetarism, the New Classical School, real business cycle theory, new Keynesianism, Post Keynesianism, and the Austrian School. 

This article argues that Murray Rothbard does indeed have scathing criticisms of Adam Smith in Rothbard's recent work on the history of economic thought.

This paper contrasts mainstream analysis of the recent boom/bust episode and its massive interventions with Austrian business cycle theory (ABCT). 

Here we discuss briefly Mankiw’s ten principles of economics and offer a critique of these principles à la the Austrian School of economics.

It is no wonder that the vast majority of Americans do not know whom, if anyone, they should believe regarding economic pronouncements.

From Adam Smith's day to our own, economists have tended to treat the intertemporal trade-off as something quite different from other trade-offs that market participants face.

Thomas Sowell is probably best known for his studies of ethnic relations and economics and for his policy oriented works, aimed at a wide popular audience, e.g., Conquests and Cultures: An International History (1998) and Basic Economics: A Citizen’s Guide to the Economy (2004). His  Knowledge and Decisions (1980), which earned the praise of F.A. Hayek, showed him to be a gifted theorist as well; and, in On Classical Economics , this versatile author makes a valuable contribution to the history of economics.

Caplan arrives at the startling conclusion that the Austrian approach, despite the efforts, is less realistic than the neoclassical approach that flourished in the age of benign neglect for realism. 

(Barthelemy) Charles (Pierre Joseph) Dunoyer (1786-1862) was born on May 20, 1786 at Caremac in ancient Tureme (Quercy, Cahorsin), the present-day