Why read Menger’s Principles , now online for the first time? When Mises reviewed Rothbard’s Man, Economy, and State , he proclaimed “Henceforth all essential studies in these branches of knowledge will have to take full account of the theories and criticisms expounded by Dr. Rothbard.” The same must be said doubly for Menger’s Principles of
In addition to Stromberg’s citation regarding the underrated James Mill, there is also pp.58-63 of Rothbard’s “Concepts of the Role of Intellectuals In Social Change Toward Laissez Faire” available here . Shall we call it the Millian Law of Association?
The Free Market 24, no. 6 (July 2004) Jim Cantalupo was CEO and Chairman of McDonald’s when he died unexpectedly on April 19th. In the weeks that passed after his death, noted Don Boudreaux, McDonald’s continued to supply Big Macs, Egg McMuffins, and its other menu items to hordes of customers. No changes in McDonald’s operations were evident to
Today, Eamonn Butler on the Adam Smith Institute Blog says , in case of recession, “flood the markets with cheap credit until everyone has the confidence to stop selling and start buying”. He characterizes this position as the hard-won historico-economic insights of Friedman, and, strangely, claims that it stands in stark opposition to Keynesian
Gary North today defends limited liability with this core claim: “you cannot logically deny the legitimacy of enslavement for debt without becoming a defender of limited liability”. I disagree. There is a middle ground between these two extremes: liquidation of assets of the debtor and partial payment, with the recognition of further debt due.
A relatively new product, GloTell , is now available to farmers and chemical plants, whose anhydrous ammonia tanks are sometimes raided by theives. The clear liquid product is added in small quantities to an anhydrous ammonia tank. Upon exposure to air, the product turns bright pink, and stains anything it touches for days, being visible under
The husband of an acquaintance has been sentenced to 18 months in federal prison on a guily plea of importing endangered orchid species. Although this has been unfolding for months, I just found out last night. The whole affair was very well summarized by the pollenatrix back in a March entry . My heart goes out to George and his wife Kathy, the
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.