Ludwig von Mises and Joseph Schumpeter are the most famous economists trained by the older Austrian School, although generally Schumpeter has received the lion’s share of attention. This is especially true, for example, in the field of entrepreneurship. To this day, the term entrepreneurship is almost synonymous with Schumpeter, whose fame was
Republicans are today almost always fervent supporters of big military budgets and an interventionist foreign policy. But many Republicans forget a period before and after World War II when dozens of Republican lawmakers were against military alliances and a save-the-world American foreign policy. They ignore a time when many of their predecessors
[Editor’s Note: Mary Sennholz, wife of Austrian economist Hans Sennholz and friend of Margit and Ludwig von Mises, recently spoke with Senior Fellow Jeffrey Herbener and Associated Scholar Shawn Ritenour about her long career as a writer and editor, and as a friend and colleague of many other giants of the Austrian School. The interview was
[Originally published in The New Banner: A Fortnightly Libertarian Journal on 25 February 1972. Thanks to J. Michael Oliver ( The New Libertarian: Anarcho-Capitalism ) for sending it to the Mises Institute. Thanks also to W. Robert Black III, of the New Banner Institute .] Introduction Dr. Murray Rothbard, libertarianism’s foremost theorist and
This article is also available as an Audio Mises Daily A selection from the Spring 2014 issue of The Quarterly Journal of Austrian Economics. Jean-Baptiste Say: Revolutionary, Entrepreneur, Economist. By Evert Schoorl, New York: Routledge. 210 pages. The present volume is a full-length biography of Jean-Baptiste Say, and presents a detailed
[Editor’s Note: This is a transcript from Jeff Deist’s interview with Tom Woods on June 3, 2014.] WOODS: I want to talk about the time you spent as Ron Paul’s chief of staff. I can’t imagine that could be dull. So first of all, what was that like, and how would you compare it to what the likely experience of other politicians’ chiefs of staff
Jeff Deist, president of the Mises Institute, recently spoke with The Free Market about his introduction to the Austrian School and his work with Ron Paul. Mises Institute: How did you become interested in Austrian economics? Jeff Deist: My journey with Austrian economics and the Mises Institute began in 1992. I was fortunate to have a good
Herbert Spencer was born into a nineteenth-century world where the traditional logic of imperialism interacted with new developments like the Industrial Revolution, and new ideas like free trade and liberalism that emerged out of the Enlightenment of the previous century. The key to understanding Spencer’s importance is to realize that he was a
Gary Becker passed away on May 4, 2014 at age 83. There will be many obituaries written about this Nobel Prize winning economist, focusing on his numerous and important contributions to the dismal science. Here, instead, I will tell a more personal story, my own private interactions with my first mentor, Gary Becker. I entered the Columbia
This article is a transcript of the interview on Mises Weekends. Jeff Deist: This week we’re joined by Mises Institute Senior Fellow Dr. David Gordon, the man who Rothbard claimed knows everything about everything. Our topic is the life and times of the late Dr. Murray Rothbard. David Gordon was both his friend and associate and if you are a
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.