Most readers are familiar with the notion of the “trickle-down effect.” This caricature is usually employed by left-leaning economists to denounce tax cuts for the entrepreneurial class. Writing for the Washington Post , Christopher Ingraham tells readers that slashing tax rates for the wealthy fails to stimulate employment, though rich people
Browsing through history, we can identify several examples of states overcoming the hurdles of geography to achieve great feats. Though the plague of an inhospitable geography is not an insurmountable obstacle to development, it remains crucial to understanding disparities in income across countries. However, some mainstream economists place a
Economists frequently tout trade as a mechanism to boost growth and living standards. Yet some continue to extol the virtues of protectionism. However, the internecine debate between free traders and protectionists is less interesting than interrogating why countries erect barriers to international trade. A basic explanation is that opposition to
The “ new history of capitalism “ has reprised the debate on the economic viability of slavery by rebranding it as an institution with a propensity for innovation and long-term growth. This group of scholars attempts to recast slavery as an institution at the very center of capitalism and the Industrial Revolution. Thus, this school of thought
Earlier, this year a North Carolina city committed $2.1million toward funding reparations. Surprisingly, the movement for reparations has ignited considerable political support. Unfortunately, the sensibility of calls for reparations has failed to invite scrutiny outside a few conservative publications. Usually, critics posit that reparations like
America’s decision to withdraw troops from Afghanistan was greeted with disdain in some quarters. But so far, most pundits have explored this debacle from the vantage point of foreign affairs by either lamenting the decline of American influence or lauding the move as a justified containment of an aggressive foreign policy. Both views are worth
To offer a semblance of solidarity with the working class, wealthy leftists have substituted identity politics for class conflict, and attempted to recast economic problems as problems of racism or bigotry. Original Article: “ Understanding Inequality Requires Much More Than Calling Everything Racist “ This Audio Mises Wire is generously sponsored
Both theory and the empirical research shows a competitive marketplace is incongruous with racism, but the Left insists capitalism is “inherently” racist. Original Article: “ The Myths Behind the “Capitalism Is Racist” Claim “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
China’s industrial policy has been marked by many failures and few successes. Rather, China’s real growth has been fueled by the regime’s limited turn to markets. Original Article: “ Industrial Policy—a.k.a. Central Planning—Won’t Make America Great “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael
Capitalism is not a “legacy of colonialism” in Africa. In fact, markets and interregional trade have long been practiced on the continent. And markets today are still the answer to raising standards of living. Original Article: “ Africa’s Long History of Trade and Markets “ This Audio Mises Wire is generously sponsored by Christopher Condon.
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.