Originally Published September 20, 2011. What is a firm? This may not seem like a question in lack of an answer. In the United States, as in most other countries, it is a registered, regulated entity acting legally as a person. But economically, the legal definition is irrelevant: the economic function of the “firm” is not its legal status — if it
[ Economic Freedom and Interventionism (1980)] About 60 years ago Gabriel Tarde (1843–1904) the great French sociologist, dealt with the problem of the popularization of luxuries. An industrial innovation, he pointed out, enters the market as the extravagance of an elite before it finally turns, step by step, into a need of each and all and is
¿Qué es una empresa? Puede no parecer una pregunta a la que le falte una respuesta. En Estados Unidos, como en la mayoría de los demás países, es una entidad registrada y regulada que actúa legalmente como una persona. Pero económicamente la definición legal es irrelevante: la función económica de la “empresa” no es su estado legal (si lo fuera,
[ Economic Freedom and Interventionism (1980) ] Hace unos 60 años, Gabriel Tarde , el gran sociólogo francés, se ocupaba del problema de la popularización de los lujos. Una innovación industrial, apuntaba, entra en el mercado como la extravagancia de una élite antes de convertirse finalmente, paso a paso, en una necesidad de todos y cada uno y
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.