In “Why the Austrians Are Wrong About Depressions,” Professor Tullock (1987, p. 73) makes some statements that are incorrect and others which, properly interpreted, refute or at least, fail egregiously to support, his thesis that the Austrian theory of the trade cycle is incorrect. We begin...

Praxeology is defined by Rothbard (1962, p. 64) as “The formal implication of the fact that men use means to attain various chosen ends.” While men use means to attain ends in areas other than economics (e.g., war, voting), the dismal science is the only deeply elaborated subdivision of...

Purpose – The purpose of this paper is to analyze South Park 's take on the causes of the recession and the housing bubble. Design/methodology/approach – The essay describes the events in the South Park episode and compares them to the respective events of the recession and the housing...

Purpose – The purpose of this paper is to shed critical light on micro‐finance. Design/methodology/approach – This scheme is managed from an economic perspective. Findings – Micro‐finance comes to us as a left wing attack on the free enterprise system; as such, it ought to be opposed...

Purpose – The purpose of this paper is to demonstrate that the minimum wage law is deleterious to the unskilled, to the young and to members of minority groups. Design/methodology/approach – The main method used in this paper is the logical application of basic supply and demand economic...

Purpose – The purpose of this paper is to support the claim that socialism is ineffective and inefficient, and that this insight applies to socialized medicine, as well as all other forms of socialism. Design/methodology/approach – The main method utilized in this paper is the application of...