All Posts Tagged With: "mainstream economics"
Human Action, 1949: A Dramatic Episode in Intellectual History
A great book, it has been remarked, is like a great castle. It can be viewed from many different angles, each offering a unique perspective. Viewing Ludwig von Mises’s monumental work from the vantage of 2009 permits one to see with great clarity one fascinating aspect of the book–the sheer drama of its emergence at [...]
19Aug2009 | Israel M. Kirzner | 5 comments | ContinuedA Triple Whammy for Austrian Economics
They say that when economic times are good businesses can get away with sloppy practices. In the intellectual world, however, it seems that sloppy thinking prevails in desperate times and important distinctions get thrown out the window. A good example of this appeared recently in a March 4 New York Times article titled “Ivory Tower [...]
19Aug2009 | Sandy Ikeda | 9 comments | ContinuedA Puzzle and Its Solution: Rejoinder to Professor Ahiakpor
I was at first puzzled by Professor James C. W. Ahiakpor’s charge that I had misrepresented mainstream economics (by my statement that mainstream economics’ use of its supply-and-demand apparatus relies on the assumption of perfect competition, and thus perfect knowledge). I was puzzled because mainstream textbooks are quite explicit on this point.[1] Upon re-reading Professor [...]
1Jul2000 | Israel M. Kirzner | 1 comment | ContinuedAustrians vs. The Chicago School, Part III
At every Mont Pelerin Society meeting, a debate develops between the two schools of free-market economics: the Austrians (followers of Ludwig von Mises) and the Chicago school (followers of Milton Friedman). I’ve discussed their similarities and differences in various columns (see, for example, the February, March, and April 1995 issues of The Freeman).
1Dec1996 | Mark Skousen | 1 comment | Continued-
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