Restoring the Promise: Higher Education in America Richard K. Vedder Oakland, Calif.: Independent Institute, 2019, 400 + xiv pp. Timothy Terrell (terrelltd@wofford.edu) is T.B. Stackhouse Professor of Economics at Wofford College and a Senior Fellow at the Mises Institute. Higher education in the United States is facing a reckoning, and none too
How Economics Professors Can Stop Failing Us Steven Payson Lanham, MD: Lexington Books, 2017, xiii + 372 pp . Steven Payson, the author of this provocatively title book, is a former career federal government economist who has the temerity to argue that economics could be a useful science if mainstream academic economist theoreticians would simply
Volume 3, No. 1 (Spring 2000) Persons with an Austrian perspective must evaluate the probability that an Austrian message will reduce their publication chances in mainstream journals. S ince historically the discrimination against Austrian scholarship has been high, a new Austrian academic infrastructure has emerged. We have a Dual Academy:
Volume 3, No. 1 (Spring 2000) It is much more likely that firsthand inspection by journal editors and reviewers who are relatively more familiar with the subject matter in question will place an appropriate value on the prospective scholarly contributions. The values will be reflected by the quality of journal that publishes each
Volume 3, No. 1 (Spring 2000) What the author objects to is assertions about morality linked to misconceptions and word games concerning money and its functions, property, and titles. Modern money does not consist and does not pretend to consist of commodities. Ban knotes , demand deposits, and the new means of payment being multiplied by
Volume 3, No. 2 (Summer 2000) Both the Quarterly Journal of Austrian Economics and the Review of Austrian Economics are now publishing regularly and have been doing so ever since their respective inceptions. These periodicals have featured path breaking research from dozens of Austrians, and have managed to attract the contributions
Volume 5, No. 2 (Summer 2002) Here we discuss briefly Mankiw’s ten principles of economics and offer a critique of these principles à la the Austrian School of economics. A textbook in economics completely based on principles of modern Austrian economics is yet to be written. When such a textbook is written, perhaps this discussion
Volume 8, No. 2 (Summer 2005) Symposium: On the Occasion of the Eighteenth Edition of Paul Samuelson’s Economics It is no wonder that the vast majority of Americans do not know whom, if anyone, they should believe regarding economic pronouncements. Much of the credit for this intellectual legacy can be laid at the feet of Paul A. Samuelson,
Volume 8, No. 2 (Spring 2005) Symposium: On the Occasion of the Eighteenth Edition of Paul Samuelson’s Economics Paul A. Samuelson’s legendary textbook, straightforwardly titled Economics , most famously exemplifies Samuelsom the writer. To mark the release of the eighteenth edition in July 2004, this paper briefly considers the textbook,
Volume 9, No. 4 (Winter 2006) Editorial: Our hope in publishing this symposium is to assist other instructors in teaching Austrian macroeconomics at the intermediate level and to inspire those who are inclined and equipped to contribute publications which will advance this under-developed field of economic pedagogy. The publication of this
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.