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- Austrian Economics Overview
- Biographies
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression . (25:00)
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Where the classical economists had gone wrong was to speak of goods as if they were abstract classes. The Austrians noted that their value theory did not talk about concrete units and could not explain how individuals valued goods. That’s why the diamond-water paradox of value was unsolved. The classical school also could not explain distribution.
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
There were reasons for the decline of the Austrian School before its revival and rebirth by Mises and Rothbard. There was an Israel Kirzner view in the 1970s that the Keynesian avalanche had buried Austrian economics in 1936. Then there is a big bang theory of its rebirth in 1974 due to the South Royalton meeting and Hayek receiving the Nobel
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Prior to Mises there had been nothing written on the theory of monopoly price. Mises felt there could be some limited times of monopoly on the free market, e.g. diamond mines, but Rothbard felt that there could not be monopolies. Both theories developed out of Menger’s original thoughts. Lecture 4 of 10 from Joseph Salerno’s Revisionist History
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Monetary inflation is the key way to bring about economic fascism. Fascism was a spending, borrowing government, militarism, imperialism, and a planned economy. Keynes’ followers came to power in the 60s with the Kennedy administration. Nixon went on to impose wage and price controls. Lecture 6 of 10 from Joseph Salerno’s Revisionist History and
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Friedman’s book, Monetary History of the United States, tried to show the depression was caused by a deflation of the money supply by the Fed. Rothbard’s America’s Great Depression was published the next year in 1963. Rothbard argued that the Fed was actively inflating the money supply. Salerno defends Rothbard’s position (against Timberlake) on
Media Asset
Author:
Roderick T. Long
Online Publish Date:
Delivered at the Mises Institute’s 25th Anniversary Celebration, 13 October 2007, in New York City.
Media Asset
Author:
Walter Block
Online Publish Date:
Delivered at the Mises Institute’s 25th Anniversary Celebration, 13 October 2007, in New York City.