Last summer, I had the pleasure of meeting Dr. Jozef Martiniak at the 2018 Mises University. Dr. Martiniak came to Auburn all the way from Slovakia and he had many great stories to tell about his experience growing up in a Cold War era Czechoslovakia. My conversations with Dr. Martiniak not only revealed an interesting story from the perspective
It is now commonly recognized that the majority of the economics profession for about four decades held an erroneous view of the nature of the “socialist calculation debate.” In particular, the nature of the arguments put forward by Mises and Hayek were misconstrued. Revisionism took off in the mid 1980s with the work of Peter Murrell (e.g., here
The online magazine Aeon currently features an outstanding article from our scholars Peter Klein and Nicolai Foss on the trend toward “bossless” business structures. Far from being redundant middlemen, they argue, good managers are needed more than ever even in firms that aspire to flat, decentralized, and democratic organization. Klein and
President Trump’s frustration with the Federal Reserve’s (minuscule) interest rate increases that he blames for the downturn in the stock market has reportedly led him to inquire if he has the authority to remove Fed Chairman Jerome Powell. Chairman Powell has stated that he would not comply with a presidential request for his resignation, meaning
[Editors note: Mr. Luddy will be giving the Henry Hazlitt lecture at this year’s Austrian Economics Research Conference. Click here to learn more. ] The most important issue facing America today is the national debt and increasing federal deficits. Our national debt now exceeds yearly gross domestic product (GDP). The U.S is the wealthiest
It seems like every Democrat in the country plans to run against Trump in 2020 and presumably all of them will feel compelled to issue manifestos outlining their policy agendas. Which gives me lots of material for my daily column. I’ve previously written about statist initiatives from Bernie Sanders and bizarre ideas put forth by Elizabeth
With another Martin Luther King Day come and gone, we were reminded that the views of King are regarded as the model for the “civil rights movement.” Some of this is merited, of course. King stood up to governments that used state force, via Jim Crow laws to mandate segregation and violate property rights. Unfortunately, not all of King’s views on
Mises Institute Fellow Patrick Newman recently joined the Age of Jackson podcast to discuss Murray Rothbard’s The Panic of 1819 . Topics discussed on the show include Rothbard’s analysis of the panic, why he believed it to be the best received of his books among his profession, and why it remains one of the most cited works on the era. The
I’ve periodically opined about why politicians should not try to control people’s behavior with discriminatory taxes, such as the ones being imposed on soda. And I’ve cited some examples of how these taxes backfire. The big drop in soda purchases after a tax on sugary drinks was imposed in Berkeley . The big drop in soda sales after a big
Professor Paul Krugman asked a very important question in his January 10 New York Times essay “Trump’s Big Libertarian Experiment; Does contaminated food smell like freedom?”. In his opinion piece, Krugman maintained that the recently concluded governmental shutdown demonstrated the hypocrisy of Republicans. The Nobel Prize winning economist also
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.