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With irreconcilable problems with utility functions, if what individuals prefer cannot be specified, then the orthodox microeconomics of the last hundred years is not a general theory of human action.
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The 2022 Rothbard Memorial Lecture. For all the woke victories in academia, media, and the corporate world, those who support individual liberty and the free market can hope for victory.
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Dale Steinreich reviews Dranove and Burns's analysis of health economics and policy, finding an interesting history of hospitals, but falling short of identifying the true causes of medical care dysfunction. - Book Reviews
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Mark Thornton reviews Thomas Piketty's latest book, a "siren song of communism." The brevity of this book makes it potentially the most socially devastating of Piketty's so far. - Book Reviews
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Karl-Friedrich Israel reviews Alexander Linsbichler's new book introducing the Austrian School of Economics, available now in German but soon to be translated into English. - Book Reviews
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Joseph Solis-Mullen reviews Lev Menand's new book that, as Solis-Mullen says, "confirms everything Austrians have been saying all along."
Patrick Newman reviews Peter Schweizer’s Red Handed, which argues that the Chinese government, politically connected businesses, and other influential entities have essentially bought out American elites.
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Brendan Brown reviews Ben Bernanke's optimistic case for monetary policy, in which the former chairman apparently forgot nothing and learned nothing.
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What are the limitations of happiness economics? Is happiness economics biased toward a utopian ideal? François Facchini investigates this new critique of the free market economy.