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The Market Heretic

Thomas Shelby

The Market Heretic applies Austrian Economics to a re-examination of economic history. This publication investigates how modern political capitalism emerged in the United States and abroad by tracing its development and origins across different periods.

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Substack
PricingOnly free issuesPublishesWeekly
Issues8Founded3 years agoLast Issue4 months ago
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Latest Issues

Cyberpunk 2077: A Dystopian Warning

Introduction

Cyberpunk 2077 has rapidly emerged as one of popular culture’s most influential science fiction dystopias. Mainstream commentators typically portray its world as the logical endpoint of unfettered free market capitalism, while...

4 months ago
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Central Banking and the Environment

One of the most important contributions of the Austrian School to economics is its understanding of the causes and effects of business cycles, a framework that can also be applied to environmental outcomes, real estate booms and export-led...

10 months ago
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A Brief History of Environmental Regulation in the United States (1800s-1970s)

Introduction

Free markets are often blamed for many modern problems. Critics argue that environmental degradation is a clear case of market failure. They claim markets do not account for the social costs of pollution and that government in...

10 months ago
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Development of American Labor Markets (1860–1940s) Part 3

This third installment in this series will finish the discussion of American labor markets and their development since the end of the Civil War with analysis focusing on the role that Social Security and other social insurance programs play...

10 months ago
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Development of American Labor Markets (1860–1940s) Part 2

This second installment examines the rise of trade unionism and worker cooperatives in the United States after the Civil War, and argues that the nation’s monetary framework played a decisive role in shaping their fate. The crisis-prone fin...

a year ago
5

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  • Thomas Shelby

    I write from an Austrian Economics perspective grounded in socially conservative, anti-statist, and anarchist principles. My work focuses on economic history and the myths that surround free markets.

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