The Economist ($) on the Austrians: “Early last century, economists such as Ludwig von Mises and Friedrich Hayek argued that, if interest rates were held below their “natural rate” (at which the supply of saving from households equals the demand for investment funds by firms), credit and investment will rise too rapidly and consumers will not
Here is an article from the Financial Times website, reporting on a forthcoming article in the Journal of Financial and Quantitative Analysis . It finds that Senators’ portfolios outperformed the market over time, which suggests they trade on inside information--very timely, given the whole Martha
While Congress is debating the “best” way to regulate spam the private market is developing its own means of doing so. See this CNN.com article on the current state of these private
From Eric Knauer : In the preface of Randy Barnett’s new book, Restoring the Lost Constitution , he states: “In his best-known work, No Treason, Lysander Spooner argued that the Constitution of the United States was illegitimate because it was not and could never have been consented to by the people on whom it was imposed. Although as an
CANTOR’S DIAGONAL ARGUMENT: AN EXTENSION TO THE SOCIALIST CALCULATION DEBATE by Robert P. Murphy. The socialist calculation debate is one of the most famous episodes in the history of the Austrian School. Provoked by Ludwig von Mises’s original salvo in 1920, the debate forced socialist theorists to refine their position TOWARD A CALCULATIONAL
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.