If we were to take the greatest economists from all ages and judge them on the basis of their theoretical rigor, their influence on economic education, and their impact in support of the free-market economy, then Frédéric Bastiat would be at the top of the list, writes Mark Thornton. This audio Mises Daily is narrated by the
To young Menger, the cityscape still appeared as that of “old Vienna”: enclosed on three sides by a city wall and moat, writes Eugen-Maria Schulak and Herbert Unterköfler. This audio Mises Daily is narrated by Paul
[Excerpted from An Austrian Perspective on the History of Economic Thought , vol. 1, Economic Thought Before Adam Smith (1995). An MP3 audio file of this article, read by Jeff Riggenbach, is available for download .] Carmichael’s most prominent student and follower was his successor at the chair of moral philosophy at Glasgow, Francis Hutcheson
[Excerpted from An Austrian Perspective on the History of Economic Thought , vol. 1, Economic Thought Before Adam Smith . An MP3 audio file of this article, read by Jeff Riggenbach, is available for download .] Adam Smith’s lectures converted the merchants of Glasgow to a free-trade position, but most of his influence was spread through the
[Excerpted from An Austrian Perspective on the History of Economic Thought , vol. 1, Economic Thought Before Adam Smith (1995). An MP3 audio file of this article, read by Jeff Riggenbach, is available for download .] One of the first Smithian economists, and, indeed, a man who was for two decades the only professor of political economy in England,
[Transcribed from the Libertarian Tradition podcast episode “Mohandas K. Gandhi”] Mohandas K. Gandhi was born October 2, 1869, in Porbandar, a port town in Western India on the shores of the Arabian Sea. His father was a high-ranking official in the government of the small principality that nominally ruled the immediate area; in effect, the elder
[Transcribed from the Libertarian Tradition podcast episode “The Anarchism of Peter Kropotkin”] A little more than 90 years ago, on February 8, 1921, Peter Kropotkin died in Dmitrov, then a small town in Russia, about 40 miles north of Moscow. He had been born in Moscow itself almost exactly 78 years before, on December 9, 1842, but he had spent
Soon after India’s political independence, a broad public debate revolved around the type of economic system that should be adopted and followed. Three proposals emerged: the Gandhian model, based on village economy and trusteeship; the Bombay Plan, which posited that the economy could not grow without government intervention and regulation,
[ Politics, Murder, and Love in Stalin’s Kremlin: The Story of Nikolai Bukharin and Anna Larina • By Paul R. Gregory • Hoover Press, 2010 • 196 pages] A man and woman who have known each other for more than two decades realize that they are in love. They marry and quickly have a son. Soon thereafter, the man is arrested for treason based on false
[ Jefferson (1926; 2007)] Throughout the period of his ambassadorship, Mr. Jefferson found little doing in the way of business. Vergennes was polite, considerate, straightforward. They discussed one article of commerce after another, but could never come to much more than nominal terms. In the matter of rice, flour, fish, and “provisions of all
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.