Freeman

Economics On the Trail

I Like Hayek

Who Better to Lead Economics into the 21st Century?

SEPTEMBER 01, 2001 by MARK SKOUSEN

Who should take the place of Keynes to lead economics into the 21st century? Should it be the economics of Friedman, Ludwig von Mises, Joseph Schumpeter, or F. A. Hayek? While all four have much to offer, I favor Hayek. I am not alone.

Whatever Happened to the Egyptians?

Socialist Interventionism Prevents Economic Prosperity

AUGUST 01, 2001 by MARK SKOUSEN

Great Turnabouts in Economics

Three Prominent Economists Have Changed Their Thinking

NOVEMBER 01, 1997 by MARK SKOUSEN

We can only admire the scholar who is willing to change when he is convinced by the facts or a new theory. It takes a strong dose of courage and honesty to go against one's vested interest, especially after publishing books and articles on the subject.

The Stagnation Thesis Is Back!

Macroeconomic Policy Changes Would Increase Economic Growth and Productivity

DECEMBER 01, 1995 by MARK SKOUSEN

Overworked and Underpaid?

Free-Market Economists Dispute Reich's Claims

NOVEMBER 01, 1995 by MARK SKOUSEN

Econ 101: Do We Really Need Another Samuelson?

The Next Breakthrough Economics Textbook Must Be Post-Keynesian

OCTOBER 01, 1995 by MARK SKOUSEN

Freedom for Everyone . . . Except the Immigrant

Forbes's Peter Brimelow Takes an Anti-Immigration Stance

SEPTEMBER 01, 1995 by MARK SKOUSEN

Economics on Trial

Does Austrian Business Cycle Theory Have Merit?

MARCH 01, 1995 by MARK SKOUSEN

Last month, I wrote about the long-standing debate between the Monetarists and the Austrians, which surfaces at practically every Mont Pelerin Society meeting. Both schools are ardent defenders of the free market, yet they fight incessantly over methodology and economic modeling.

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December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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Economics in One Lesson (full text)

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The full text of Hazlitt's famed primer on economic principles: read this first!


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There can be little doubt that man owes some of his greatest suc­cesses in the past to the fact that he has not been able to control so­cial life.


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No one knows how to make a pencil: Leonard Read's classic (Audio, HTML, and PDF)