The Gilded Age, lasting from 1865 to World War I, was an era of economic growth never before seen in the history of the world. The standard of living of the modern age was born during this time of phenomenal transition. Lives lengthen. Wealth exploded. The middle class lived better than kings a century earlier. And yet this period in history is
What they don’t understand: aggregation, relative prices, interest rates, capital structure, money pumping, and regime uncertainty, writes Robert Higgs. This audio Mises Daily is narrated by Colin
For the most part, the Great Society represented the culmination of economic, political, and intellectual developments dating back a century, writes Robert Higgs. This audio Mises Daily is narrated by Steven
[Excerpted from the Independent Review (Winter 2010). An MP3 audio file of this article, narrated by Colin Hussey, is available for download .] As the recession has deepened and the financial debacle has passed from one flare-up to another during the past year and a half, commentary on the economy’s troubles has swelled tremendously. Pundits
[ Independent Review (2004)] Many of us who believe that governments continue to grow relentlessly, at least in the economically advanced countries, have been criticized by analysts who claim that in fact the growth of government has petered out or slowed substantially. The latter group perceives us to be needlessly alarmed and faults us for a
[ The Transformation of the American Economy, 1865–1914 ] This book, my first, was composed for the most part in 1969 and 1970 and published in 1971, exactly forty years ago. At that time, I was in my mid-twenties and had just completed my work for the PhD degree in economics at the Johns Hopkins University. At Hopkins, I had been trained
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.