2. Old and New Vienna: The Rise, Fall, and Rebirth of the Austrian School
3. The Imperialist Chicago School
4. Methodenstreit: Should a Theory be Empirically Tested?
5. Gold vs. Fiat Money: What is the Ideal Monetary Standard?
6. Macroeconomics, the Great Depression, and the Business Cycle
7. Antitrust, Public Choice and Political Economy: What is the Proper Role of Government?
8. Who Are the Great Economists?
9. Faith and Reason in Capitalism
10. The Future of Free-Market Economics: How Far is Vienna from Chicago?
- Whose methodology is more controversial–Mises or Friedman?
- A debate that the Austrians have clearly won.
- Why Chicago economists have won more Nobel Prizes than the Austrians.
- Why did Israel Kirzner call George Stigler’s essay on politics “bizarre, disturbing, unfortunate, and an affront to common sense”?
- Emotional fights at the Mont Pelerin Society, Foundation for Economic Education, and other freedom organizations.
- Why Friedman and Mises admire Adam Smith, and Murray Rothbard despises him.
- Why some Austrians call Friedman a “Keynesian” and “a statist” while Friedman calls Mises and Ayn Rand “intolerant” and “extremist.”
- Major differences between Mises and Hayek…..and between Stigler and Friedman.
- The “fortress” mentality: Why the Mises Institute doesn’t advertise, or appear on TV.
- Amazing similarities between Austrians and Marxists, and between Chicagoans and Keynesians.
- Why Mises refused to use graphs and charts in his books.
- How Friedman shocked the audience when asked “Who is the better economist, Keynes or Mises?”
- Why Austrians are usually pessimists and Chicagoans optimists.
- Powerful contributions by the “new” generation of Austrian and Chicago economists…..