"Godfather" of the Austrian School, Ludwig von MisesThere’s a rising frustration among Catholic economists who subscribe to the Austrian School of economics. Of course, all people of good will share in concern for the poor. The disagreements arise once we set about identifying the causes of and cures for such social ills as poverty, unemployment, harsh working conditions, etc. Is it the “system’s” fault (the free-market) or should the blame be placed squarely on obtrusive government intervention? Well-intentioned Catholics pontificate ad nauseam about the phantom-evils of capitalism and conjure up a list of irresponsible remedies to allay the crisis. The irony is that many of the solutions proffered by these pseudo-economists actually end up harming the very people they claim to be so concerned about. Anyone interested in understanding economic principles will find the following list of websites helpful.
Dr. William Luckey: Economics 101 for Catholics
http://www.catholicnewsagency.com/column.php?n=69
Dr. Thomas Woods: Morality and Economic Law: Toward a Reconciliation
http://www.mises.org/story/1481
Thomas C. Taylor: An Introduction to Austrian Economics, The Subjective Theory of Value
http://www.mises.org/austecon/chap4.asp
Llewellyn H. Rockwell, Jr.: Why Austrian Economics Matters
http://www.mises.org/etexts/why_ae.asp
Dr. Walter E. Williams: Articles archive: very helpful, Williams is one of the most respected free-market economists in America
http://www.gmu.edu/departments/economics/wew/articles.html
Very helpful post James . . . I will definitely look over the sites you've listed when wading through the economic jargon that my some of my professors and classmates employ in law school.
ReplyDeleteJSC
Jason,
ReplyDeleteIt is great to hear from you again. I recommend the Wal-Mart defense article at the bottom of the last post as well. It really tackles the anti-Walmart hysteria. I venture to say that Walter Williams' site would be most helpful to you. He also has a 10-part series that introduces the reader to basic economics principles, I'll put the address below. It avoids technical jargon and is pretty easy to grasp. But the Austrian Website is also invaluable.
Ten-part series by Walter Williams
http://www.gmu.edu/departments/economics/wew/misc/econcitizen/index.html
The Austrian School:
www.mises.org
Best of luck with law school everything in-between.
-J.