The Free Market 18, no. 3 (March 2000) America’ s first wage and price controls were enacted in Massachusetts, a little more than a hundred years after the first pilgrims arrived. The opportunities available in the New World combined with a strong work ethic were raising the wages of working men, to the consternation of their employers. In 1630,
The Free Market 24, no. 5 (May 2004) That some factors of production are mobile, says the new protectionist, “proves” that free trade is not as attractive as (supposedly) David Ricardo argued. But factor mobility is not new. It has long been accepted by economists that either goods or people (and other factors of production) move. Indeed, part
The Free Market 19, no. 1 (January 2001) According to the dictionary, the word “wanton” means undisciplined or unruly, with connotations of self-indulgent, arrogant recklessness, and a disregard for justice or the rights of others. The word goes back to Middle English, being a combination of the words “wanting” or “wane,” meaning a lack of, and
The Free Market 12, no. 7 (July 1994) Federal bureaucrats think they, not the financial markets should direct investment spending. They want to rebuild “infrastructure,” fund space stations, install magnetic supertrains, and set up information highways (or redistribute the existing ones). That’s what President Clinton means when he says he’ll
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.