Economists in the Austrian School approach their analysis by looking at human choices and behavior, and how human action by itself creates and regulates markets.
Economists in the Chicago School use highly empirical arguments to reach their conclusions and advocate for deregulated markets and policy focus on money supply.
Experimental economists study human incentive structures and behaviors as ways to explain the institutions and rules of economic activity.
Keynesian economists theorize that government spending can be used to manage the economy. It has been a widely accepted stance since the 1930s.
In this entry, Ronald Hamowy overviews the English Civil Wars of the mid 17th century and the raised issues of royal authority and religious liberty.
The Enlightenment was an era that brought a wave of philosophical ideas, including classical liberalism, scientific progress, and social and religious tolerance.
Entrepreneurship, or the development of new products, methods, and means by individuals, is considered to be a compelling factor in economic growth as well.
Environmental regulations aim to reduce supposed externalities for the sake of stewardship, but sometimes place an unnecessary burden on the free market.
Epicureanism was a prominent school of thought among classical philosophers, including empiricists and contractarians such as Cicero and Lucretius.
A libertarian focus on equality mostly focuses on the notion of equal rights. Libertarian systems of justice must operate in a way that maintains these rights.
Evolutionary psychologists use the underlying concept of natural selection and evolution to study and attempt to explain human behavior and decision-making.
Existentialist philosophy focuses on the individual. Its moral implications, while sometimes criticized, can also have uses for libertarian thought.
In this entry, Alexander Volokh examines how externalities are generated in the market and questions the assumption that government should act because of them.