The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary D. Carter New York: Random House, 2020, 656 pp. Abstract: Zachary D. Carter, author of The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes is a new intellectual biography of a person who is arguably the most important person of the twentieth
Anatomy of Liberty in Don Quijote de la Mancha: Religion, Feminism, Slavery, Politics, and Economics in the First Modern Novel by Eric Clifford Graf Lanham, Maryland: Lexington Books, 2021, 290 pp. Abstract: Anatomy of Liberty in Don Quijote de la Mancha: Religion, Feminism, Slavery, Politics, and Economics in the First Modern Novel is Eric
Abstract: This newly translated tribute to Ludwig von Mises was written by Hans Mayer on the occasion of Mises’s 70th birthday in 1951. It was published in the Zeitschrift für Nationalökonomie in 1952. In it, Mayer expresses a surprisingly favorable opinion of Mises as an accomplished scholar, despite some misgivings regarding the latter’s policy
Abstract: Economics has long history of “rehabilitations,” including W.H. Hutt’s rehabilitation of Say’s law, and Alfred Marshall’s attempt to rehabilitate David Ricardo. The rehabilitation of Frank A. Fetter should be as important as either of these, especially for economists working in the contemporary Austrian tradition. The historical
Abstract: The paper describes the colonization cost theory of anarchic emergence. The theory states that when the state incurs high costs of directly colonizing land, it may be beneficial for it to allow anarchy to emerge and settle distant frontiers. Once enough land is settled by the anarchic community, the state can then use one of the two
Abstract: In response to the COVID-19 lockdown policies, Guerrieri et al. (2020) developed a new concept: the Keynesian supply shock. A Keynesian supply shock is an aggregate supply shock that leads to an even larger aggregate demand shock. This paper suggests that Keynesian supply shocks are very similar to the secondary deflations suggested by
Abstract: The rise of socialism has been one of the more dramatic movements in US politics in the modern era, with recent Gallup polling indicating that 39 percent of Americans (and 65 percent of Democrats) hold a favorable view of the political economic ideology. Upward trends in the popularity of political economic ideologies such as socialism
Jason Morgan (jmorgan@reitaku-u.ac.jp) is associate professor at Reitaku University in Kashiwa, Japan. PRIME MINISTER ABE SHINZŌ’S RESIGNATION AND THE END OF AN ERA IN JAPAN On August 28, 2020, Japanese prime minister Abe Shinzō entered a Tokyo press conference and began speaking. Speculation had been building for weeks that Prime Minister Abe
Austrian Economics in Contemporary Business Applications edited by Hunter Hastings Auburn, Ala.: Mises Institute, 2020, 68 pp. Fernando D’Andrea (dodandrea@gmail.com) is a Ph.D. student in entrepreneurship at Oklahoma State University. The six-chapter book Austrian Economics in Contemporary Business Applications promises to follow Mises’s and
Tax Tyranny by Pascal Salin Cheltenham, UK: Edward Elgar, 2020, 224 pp. Jörg Guido Hülsmann (guido.hulsmann@univ-angers.fr) is Professor of Economics at the University of Angers. Pascal Salin is one of the most important Continental European economists. Throughout his career, he has developed and defended the principles of a free society against
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.