The Free Market 17, no. 1 (January 1999) The logic of the market is predicated on the pervasive and glorious inequality of man. No two people have the same scales of values, talents, or ambitions. It is this radical inequality, and the freedom to choose our own lot in life, that makes possible the division of labor and exchange. Through money
The Free Market 17, no. 5 (May 1999) President Clinton’s pastor and spiritual advisor J. Philip Wogaman has shown great interest in economic theory and policy. A professor of Christian Social Ethics at Wesley Theological Seminary, Washington, D.C., and pastor of the Foundry Methodist Church, his writings on economic systems display a relentless
The Free Market 17, no. 6 (June 1999) At the American Revolution, the founders clearly recognized the defects of representative government. Pamphleteer John Cartwright in 1776 derided “that poor consolatory word, representation, with the mere sound of which we have so long contented ourselves.” “Slavery by Parliament” was the phrase commonly
The Free Market 17, no. 7 (July 1999) Free markets may be productive, a common complaint runs, but they lead to unjust results. For instance, writing in The New Republic (March 29, 1999) Cass R. Sunstein of the University of Chicago School of Law closes a book review this way: A familiar problem with unrestricted free markets is that they can
The Free Market 17, no. 8 (August 1999) I reside in Indian River County, Florida, where jury duty is mandated by statute, as in most states. This means that the courts in the county are authorized to “summon” specific individuals for service in civil and criminal proceedings as jurors. A failure to respond to the jury duty summons will be
The Free Market 17, no. 9 (September 1999) Keynesian economics continues to infect much public debate, despite being debunked for decades by Austrian economists, some mainstream economists, and reality itself. Consider the standard public debate over the question: Is the economy growing too fast? The leading answers offered in the debate always
The Free Market 17, no. 12 (December 1999) The workaholic, or more precisely worry about him, is back. During the 1980s, just as the free market’s reputation was beginning to rebound, the guardians of the national psyche discovered “workaholism.” The victim of this disorder was defined as working compulsively, spending far too much time at his
The Free Market 17, no. 12 (December 1999) Proper liberals feigned shock and disgust when the NAACP released the results of a poll showing that 50 percent of young people believe that racial separation is fine so long as different races have “equal opportunities.” The poll, co-sponsored by the NAACP and Zogby International, surveyed more than
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.