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Hayek’s "The Road to Serfdom" - Lawrence H. White

Ludwig von Mises (1881–1973) and Friedrich A. Hayek (1899–1992) were leading founders of the Austrian School of economics, and are counted among the twentieth century’s foremost champions of free markets and critics of socialism. This second CCA of the 2016-2017 academic year will consider the history and principles of the... Read more →

Crisis and Leviathan

In Crisis and Leviathan, economist and historian Robert Higgs shows how Big Government emerged from responses to national emergencies that occurred as attitudes about the role of government were changing dramatically. In particular, governmental responses to the Great Depression, two World Wars, the Cold War, and various minor “crises” (real... Read more →

Marginal Revolution University (MRU) | Introduction to Economics

Economics is much more than just numbers and graphs. In fact, we can use economics to explain much of what we encounter in our daily lives. For instance, why is customer service at your local restaurant usually better than that of the cable company? To find the answer we can... Read more →

The Prehistory of Public Choice

Public choice looks at political activity from an economic point of view. This month we look at literature to explore how such thinking began. It’s often been asserted that the economic way of thinking is a very recent creation - the product, perhaps, of influential thinkers like Adam Smith and... Read more →

The Anti-Capitalists Are (Still) Wrong about History—and Much More

The notion of late capitalism has been around since Karl Marx began his assault on free enterprise in the 19th century, although the term was officially coined by German economist Werner Sombart in his 1902 book "Der Moderne Kapitalismus." by Doug McCullough and Brooke Medina Read the original article at... Read more →