What Is the Purpose of Economic Theory?
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.
What Is the Purpose of Economic Theory?
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.
What Is the Purpose of Economic Theory?
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.
What Is the Purpose of Economic Theory?
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.
What Is the Purpose of Economic Theory?
Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.
Internet Regulation Is Back: FCC Refuses to Retire “Net Neutrality” Rules
Brent Skorup The Federal Communications Commission today voted to reinstate Title II regulations for the Internet, needlessly extending the so‐called net neutrality controversy into its third decade and opening the agency up to legal challenges. In 1996, before most Americans knew
Responding to Senator Rubio on Industrial Policy
Colin Grabow Earlier this month Sen. Marco Rubio (R‑Florida) took to X (formerly Twitter) to address criticisms—including from me—of recent opinion pieces he penned calling for the expanded use of industrial policy. I’m normally not one to respond to social media
It’s Time to Take a Hard Look at Public Libraries
Marc Joffe Like mom and apple pie, the public library seems so intrinsically good that it should be beyond criticism. But like any institution that consumes millions of tax dollars, public libraries should not be free from scrutiny. And the facts
Including Emergency Spending in Fiscal Projections Distorts the CBO Baseline
Romina Boccia and Dominik Lett Congress recently approved a $95 billion foreign aid package to send aid to Ukraine, Israel, and the Indo‐Pacific region. Including this new “one‐time” emergency spending in fiscal projections distorts the Congressional Budget Office (CBO) baseline. With
The Danger of the West’s Neglect of Individual Rights
Individual rights originated in Western thinking. Today, it is the West that produces the ruling class that disdains individual rights and replaces them with collectivism.