Philosophy and Methodology

The great legal scholar Richard Epstein makes some strong arguments in favor of utilitarianism, according to Dr. David Gordon in this week’s Friday Philosophy. However, Dr. Gordon still remains unconvinced.

Many have misstated Say’s Law for years. J. M. Keynes incorrectly attributed a concept to Say that he did not hold: “supply creates its own demand.” Even the great Thomas Sowell restated this error.

Robert Hall and Michael Woodford certainly deserve the Nobel memorial prize. Their work has had a substantial impact, yet significance is not soundness.

Robert Hall and Michael Woodford certainly deserve the Nobel memorial prize. Their work has had a substantial impact, yet significance is not soundness.

The intellectuals did not merely support the war. They had been waiting for it.

World War I did not interrupt the American corporate state. It built it.

Austrian economics is reality based. The current economic policies coming from Washington are based on economic fantasies.

We often remember the thinkers who defended liberty when its prospects looked bleak, and for good reason. But we should also remember the people who supported them and made their work possible without knowing what would follow.

We often remember the thinkers who defended liberty when its prospects looked bleak, and for good reason. But we should also remember the people who supported them and made their work possible without knowing what would follow.

Thomas Sargent places Patrick Newman in a tradition of American historians—Charles Beard, Forrest McDonald, Richard Hofstadter, and Murray Rothbard—who compress data and look for patterns in how the state is designed and managed.