Friend and fellow Memphian Kevin Perk sent me a picture of the sign outside the local hall of the International Brotherhood of Electrical Workers. The sign reads: Middle Class economies don’t just happen. They are union made. Briefly, no: as I wrote last week , this is one of the enduring myths of American economic
I have affiliations with a lot of different organizations that are sometimes at odds with one another: the Mises Institute, the Institute for Humane Studies, the Koch Foundation, the Independent Institute, the Foundation for Economic Education, and others. On more than one occasion, I have used money from Koch Foundation grants to buy Mises
Gary North writing at LewRockwell.com thinks that hyperinflation will not be the outcome of the current monetary crisis: This is the fear of most hard-money analysts. They see the Federal Reserve as the ultimate engine of hyperinflation. It could become this, if its senior decision-makers use Robert Mugabe as the model. I do not think The FED’s
Paul A. Cleveland is a Professor of Economics at Birmingham-Southern College. He received his Ph.D. in Economics from Texas A&M University and began his career at SUNY-Geneseo in 1985. He spent one year as a Visiting Professor of Economics at the University of Central Florida in Orlando before joining the faculty at BSC in 1990. His principal
I teach a course called “Classical and Marxian Political Economy.” We’re currently reading Adam Smith, and I made a reference to a couple of ideas that would appear later in Marx. I said in class that Marx was clearly a genius, and in reading his work it is clear that you are dealing with an incredible mind that was spectacularly wrong about a
To follow on my recent post Why Do We Hate Modern Classical Music? I am writing a follow up to clarify some of the points that came up in the comments section. The first is to clarify that I mean “modern classical” in a stylistic sense, not necessarily limited to when the music was composed. I could have, and will in this post use the word
Main Texts: Hans-Hermann Hoppe, A Theory of Socialism and Capitalism , chapters 1-2 Ludwig von Mises, “ Economic Calculation in the Socialist Commonwealth “ Friedrich Hayek, Individualism and Economic Order Karl Marx and Friedrich Engels, Manifesto of the Communist Party Class 1: Capitalism, Socialism, and the Mixed Economy Basic: Hoppe, chapters
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.