There’s a great story in the news this week about Mike Watts , a British entrepreneur who’s found a creative solution to one of economics’ most clichéd questions: “Who will build the roads?” Ever since a landslide in February, a section of the A431 roadway between Bath and Bristol has been closed to traffic. The closure has been making life very
There’s a long history of comparing market competition to warfare. Game theorists , for example, sometimes use metaphors borrowed from military strategy to talk about competitive decision making, and martial analogies are even more explicit in the popular business literature, where writers often interpret competition using classic strategic
Murray Rothbard always maintained that Eugen von Böh m-Bawerk , the teacher of Ludwig von Mises, was one of the greatest economists who ever lived. And Böh m-Bawerk ‘s influence on Rothbard’s great treatise, Man, Economy and State was pervasive. Yet Böh m-Bawerk has never gotten his due, even from modern Austrian economists. Indeed
For once I agree with Paul Krugman, who writes: “success in business does not seem to convey any special insight into economic policy.” Unfortunately, everything in his latest column save that single sentence is completely wrong. What Krugman means is that Ben Bernanke, Janet Yellen, Mervyn King, Mario Draghi, and the other academic Keynesian
Computing and networking practices move in cycles. In the early days of computing, processing occurred in a few large mainframe computers, with users dialing in using “dumb” terminals. The PC revolution of the 1980s made it possible for simple tasks to be performed locally, on the desktop, while more complex computations took place on
Guest Editor: Dr. David J. Rapp , Saarland University, Germany Call for Papers for a special issue scheduled for 2016 on “Business management and Austrian economics” Paper Submission Deadline: August 1, 2015 The subject “Business management and Austrian economics” examines the interrelations between business management and Austrian
Although Austrian economists do a lot of teaching and public writing, a vital part of their activity is spreading ideas through scholarly research. Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics (especially
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.