Although students of Austrian economics are familiar with Mises, Hayek, and the other major figures of the school, there are many economists who worked in and around the Austrian tradition—and made crucial contributions to it—whose writings are today neglected. One of the most significant of these is the American Frank A. Fetter , the “ forgotten
Today would have been the 89th birthday of Burt Blumert, one of the greatest personalities of the modern libertarian movement. Burt was the indispensable man behind the scenes and was a key figure in the Mises Institute, the Center for Libertarian Studies, and LewRockwell.com. He was one of Murray Rothbard’s closest friends; and when you met him,
Was Keynes, as Hayek maintained, a “brilliant scholar”? “Scholar” hardly, since Keynes was abysmally read in the economics literature: he was more of a buccaneer, taking a little bit of knowledge and using it to inflict his personality and fallacious ideas upon the world, with a drive continually fueled by an arrogance bordering on egomania. But
In the slump of a cycle, businesses that were thriving come to experience difficulties or go under. These errors aren’t specific to any one firm. They occur in tandem with whole sectors of the economy. People who were wealthy yesterday have become poor today. Factories that were busy yesterday are shut down today, and workers are out of jobs.
Aunque los estudiantes de economía austríaca están familiarizados con Mises, Hayek y las otras figuras principales de la escuela, hay muchos economistas que trabajaron en la tradición austríaca y en torno a ella, que hicieron contribuciones cruciales a ella, cuyos escritos hoy se abandonan. Uno de los más importantes es el estadounidense Frank A.
En la caída de un ciclo, empresas que prosperan pasan a experimentar facultades o hundirse. Estos errores no son específicos para ninguna empresa. Se producen juntamente con sectores enteros de la economía. Personas que ayer eran ricas hoy se han convertido en pobres. Fábricas que estaban ocupadas ayer, hoy cierran y los trabajadores se quedan sin
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.