When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That would include permitting a price system to work, protecting private property, and so on. But there is more.
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was compatible with the rule of law. Ludwig von Mises, however, knew that the welfare state is the ubiquitous slippery slope.
Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has an effect on fertility.
The Ukraine war rages on and while the media and political classes repeat the “Putin started it” mantra, the evidence points elsewhere. The US government and its European allies have provoked Russia for years, hoping it would lead to an outbreak of war.
Chris Edwards Climate change may increase the frequency of hurricanes that batter coastal regions. In discussing renewable energy and climate change the other day, the Wall Street Journal reported: “Sticking with fossil fuels risks worsening countries’ vulnerability to climate change. The Philippines—which plans to use more gas
Erec Smith Much has been made about the post–affirmative action dip in college acceptance rates among black students, especially at elite institutions like the Massachusetts Institute of Technology (MIT), where black student acceptance dropped from 15 percent of last year’s class to only 5 percent of this year’s
Many “mainstream” economists are bothered by the popularity of economically-flawed policy proposals like tariffs and price controls. It’s their own fault.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Aaron Sobczak of the Quincy Institute for Responsible Statecraft.