When I wrote my article Does Mining Matter? , I would have liked to include some statistics on the total volume of gold trade but I did not know whether they existed or where to find them. Fortunately, mine exploration analyst Brent Cook has posted an article Confusion will be This Market’s Epitaph providing the statistics that I would have liked
Jonah Lehrer’s article DON’T: The secret of self control in a recent issue of the New Yorker describes some fascinating research by on the importance of time preference by Stanford psychologist Walter Mischel. Though he doesn’t call it time preference, Mischel measured children’s ability to choose between some candy now and more candy in a few
Econtalk hosts Richard Esptein on burgeoning happiness studies literature (see link for example). The findings of this research have formed the basis of an attack on conventional economic thinking, namely that people prefer more wealth to less, and that people are to some degree rational (though there are differing views on what that means) in
What people need is health care. Yet on both (or every) side of the current health care debate the discussion centers on how people will obtain insurance, not how people will obtain health care. Why is it assumed by everyone that a third-party payer should be the primary way that people pay for health care? And that the obligation of the third
I’ve just finished Hunter Lewis’ new book Where Keynes Went Wrong: And Why World Governments Keep Creating Inflation, Bubbles and Busts link here (scroll down to bottom) . The biggest surprise of the book is that it is thoroughly Austrian. The author draws upon Mises, Hayek, Rothbard, Resiman, Hutt, Rueff, and other thinkers in this tradition who
In his paper Deeper in Dept , Dr. Steve Keen over at the Centre for Policy Development examines four possible explanations for the Australian housing development (p.14): (quoted) Lower interest rates - the increase in debt is simply a rational response to the fact the credit is cheaper, and there’s nothing to worry about Higher incomes. As our
We are shocked, shocked, to read in Gotham Gazette: Unlocking the Apartment ‘Warehouse’ [a homeless advocacy group] found that 24,000 apartments could come out of the vacant buildings and lots they canvassed. The report noted that while the count only covered Manhattan, “highly visible clusters of boarded-up buildings in neighborhoods exist
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.