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Be a GOOD Economist

Not a Paul Krugman. Hazlitt explains what makes good and what makes terrible: Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant…

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What Capitalism Is

Many times on this blog, the criticisms of Piketty have been rebutted by columns and videos that show errors in his methodology, flaws in the data, and a simple misunderstanding of what capitalism is and does. This time, it is a big gun. George Reisman has destroyed the man by building the theoretical case of…

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