Volume 1, No. 1 (Spring 1998) The Banking Act of 1933, sometimes referred to as the Glass-Steagall Act, separated commercial and investment banking, instituted Federal deposit insurance, prohibited interest payments on demand deposits, and reorganized the Federal Reserve. The Glass-Steagall Act is typically explained as a public-interest measure
Volume 2, No. 4 (Winter 1999) Couch and Shughart’s book brings together a number of public-choice studies by other authors which have appeared in various journals, but have never been formally connected to each other in a single book. The authors also perform their own statistical tests, using data discovered by Leonard Arrington in 1969
Volume 3, No. 4 (Winter 2000) Butler Shaffer’s well-written monograph, In Restraint of Trade , describes in extensive detail why and how most businessmen pleaded for the government to tame them between the end of World War I and the eve of World War II. Other scholars have plowed this field before; most notably John T. Flynn (to whose memory
Volume 3, No. 4 (Winter 2000) The great value of Charles Adam’s book, When in the Course of Human Events: Arguing the Case for Southern Secession , is that it shows in careful historical detail that slavery did not cause this great tragedy. In short, the Southern states formed a new republic to avoid paying tariffs that benefited
Volume 4, No. 1 (Spring 2001) It is important to note that the economic theory of war does not necessarily displace the historical explanations that rest on such factors as internal dissension, a failure of leadership or diplomacy, the demise of the railroads or the economy, or some combination of these factors. Rather, economic theory,
Volume 4, No. 1 (Spring 2001) Margo concludes what Austrian economists have surmised all along, namely that the rise in real wages during this period very closely approximated the rise in worker productivity (both grew about 1 percent a year). The major bottom-line conclusions arising from Margo’s exercise are congenial with Austrian—and, for
Volume 4, No. 4 (Winter 2001) From Mutual Aid is not, nor does it intend to be, a comprehensive study demonstrating the superiority of private social welfare efforts over government programs. But Beito does provide evidence of what has been, and can be, done by private, voluntary organizations. Whether the energy and effectiveness of
Volume 6, No. 1 (Spring 2003) Every economist who regards himself or herself as a free-market theorist and advocate should acquire, read, and retain this paean to planning and interventionism as a valuable reference—especially if he or she is also a political libertarian. There are four good reasons: (1) it names names and carefully chronicles
Volume 8, No. 1 (Spring 2005) The title of the book may initially seem to be an exercise in hyperbole, but such is not the case. How Capitalism Saved America is indeed the untold history of our country. After a brief introduction and two very crucial introductory chapters on the nature of capitalism and the perpetrators of anticapitalism ,
Volume 8, No. 4 (Winter 2005) During the late nineteenth century, when silver agitation threatened the gold standard in the United States, gold bonds offered investors some protection from the uncertainties concerning the monetary standard in the United States. Gold bonds, therefore, sold at a premium relative to similar currency bonds. 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.