Volume 1, Article 43 (2009) Introduction The discussion of what is and what is not inflation has become important among the Austrian economists in their debate regarding free banking with fractional reserves versus banking with 100-percent reserve. That such an old and important discussion has not yet reached a consensus is interesting and
Volume 2, Article 44 (2010) There it was. Bombay. E.M. Forster, affectionately called Morgan by his friends, hurried to the railing of the ship to get a better view. The blue sparkling water stretched out before him until it met land on the horizon where buildings and bustling communities nestled among green trees. Forster had been sailing for two
Volume 3, Article 10 (2011) 1 Introduction Shortly before the Industrial Revolution the English philosopher John Locke put forward a theory of property that reflected the emerging capitalist system. This theory has often been interpreted as supposing that we, the human race, live on a frontier with the natural world, looking across to plentiful
Volume 2, Article 5 (2010) 1. Introduction no Person can disobey Reason, without giving up his Claim to be a rational Creature —Swift (1726, 261) Rationality is essentially connected with norms. In Western philosophy, while there has been much disagreement over what the norms of rationality are, there seems to have been substantial agreement that
Volume 2, Article 27 (2010) 1. Introduction In the United States alone, there are thousands of people every year whose lives could be saved by means of a liver or kidney transplant but who die because organs are unavailable. Even the tens of thousands who obtain a transplant often have to wait years for an operation, during which time their
With the end of WWII in 1945 the United States looked forward to a future that promised prosperity and peace for all Americans. Liberals predicted the coming of a new era of freedom in American politics and society based on the principles of New Deal policies. They believed that the lessons of successful government intervention in the economy
Volume 2, Article 14 (2010) In his 1971 book, Betrayal of the American Right, Murray Rothbard argued that the Old Right in American politics, those isolationists and libertarians who had provided conservative opposition to New Deal liberal ideas since 1933, had been ‘betrayed’ by 1964. Led by William F. Buckley , the New Right had transformed
Steve J. Shone In recent years, there has been significant interest in the writings of Voltairine de Cleyre (1866–1912), with a number of authors attempting to reassess her work, in some cases drawing increased attention to the perspective that her ideas constitute a form of feminism. Remembered also as a poet, anarchist, and atheist, de
Volume 2, Article 17 (2010 I. Introduction The thesis proposed in this paper is that strong as the protection of private property rights may seem to be in the United States, the lesson from Prof. Rothbard’s account of the history of money and banking in the U.S. has been one of the relativization of those rights, especially through interventions
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.