In a previous article , I explained Eugen von Böhm-Bawerk’s conception of the “interest problem.” Specifically, why could a capitalist earn an effortless flow of real wealth, year after year, from his fund of capital? To state the problem in an equivalent form, why is it that a capitalist can spend, say, $1,000 on labor and raw materials, in
From either side of the Atlantic, two of the more influential proselytes of that degenerate old collectivist, John Maynard Keynes, have chosen to re-iterate all the old myths once again. ‘Now the corporate sector at large doesn’t merely want to reduce its net borrowings but actually in many cases wants to become a net saver. In the language of
A common accusation against libertarianism is that we are unnaturally obsessed with tracing social and economic problems to the state, and, in doing so, we oversimplify the world. If you let the people who say this keep talking, they will explain to you why the state is not all bad, that some of its actions yield positive results and, in any case,
[This interview appears in the Winter 2003 issue of the Austrian Economics Newsletter , which is now available in pdf online .] Sudha Shenoy is lecturer in economic history at the University of Newcastle, Australia. She has held visiting posts at California State University, Hayward; Ohio University, Athens; George Mason University; and the
Algunas personas con mentalidad de libertad ponen su esperanza en la libertad al retirarse de un mundo no libre. En tiempos de crisis, como guerras y recesiones, esta idea gana popularidad. Podríamos referirnos a esta noción como «secesión económica», tomando el nombre del artículo de mismo título de John Kennedy. Deseosos de avanzar en la causa
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.