In recent decades, proposals for a universal basic income (UBI) have aroused a good deal of attention, but supporters of the free market have for the most part been averse to the idea. In his article “A Hayekian Case for Free Markets and a Universal Basic Income” (in Michael Cholbi and Michael Weber, eds., The Future of Work, Technology, and Basic
In Search of Monsters to Destroy: The Folly of American Empire and the Paths to Peace by Christopher J. Coyne Independent Institute, 2022; xxii + 217 pp. Christopher Coyne, an economics professor at GMU, forcefully attacks America’s foreign policy, claimed by its defenders to aim at a peaceful international order under benevolent American
In last week’s column, I discussed Christophers Coyne’s excellent book In Search of Monsters to Destroy , a cogent account of America’s endeavor to build a “liberal” informal empire. Coyne shows the inherent contradiction of using brutal means to achieve humane values. This week, I’d like to discuss an even more deplorable part of American foreign
Sometimes you encounter a proposal that is so daft that you think to yourself, “The author can’t be serious!” In today’s column, I’d like to discuss an example of this sort that comes from one of the world’s most eminent moral philosophers, Martha C. Nussbaum. In her article, “A Peopled Wilderness,” appearing in the New York Review of Books ,
The Moral Foundations of Civil Society by William Röpke Transaction Publishers, (1948) 1996; xxxvii + 235 pp. In an earlier column , I discussed Wendell Berry’s stress on land and locality, and. among Austrian school economists, Wilhelm Röpke is most sympathetic to these themes. In The Moral Foundations of a Civil Society , first published three
I am sorry to have to report that Yuri Maltsev has passed away. He was a professor of economics at Carthage College in Wisconsin. He held various government and research positions in Moscow, Russia. Before defecting to the United States in 1989, he was a member of a senior economics team that worked on President Mikhail Gorbachev’s reforms package
Forty years ago, I reviewed Leonard Peikoff’s Ominous Parallels very negatively, and with one exception, of which the less said, the better, this proved to be the most controversial review I have ever written. Perhaps it is time for a second look. In what follows, I’ll discuss some of the book’s main points and then offer a few critical remarks.
Nigel Biggar, a recently retired professor of theology at Oxford University, has never shunned controversy, as the title of one of his books, In Defence of War , suggests. In this week’s column, I’d like to examine an article of his, “ A Christian Defense of American Empire ,” that appeared in the October 2022 issue of First Things . As you might
Is praxeology inconsistent? Praxeologists criticize neoclassical economists for using false assumptions in their models. For example, neoclassicals acknowledge that the conditions for “perfect competition” are never found in the actual world. Firms selling a good such as wheat may not have much control over price, but they aren’t perfect “price
Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities by Ryan McMaken Mises Institute, 2022, 230 pp. Those of us who think that there should be no state at all, or at most a very limited one, must view all existing states with dissatisfaction, though some are better than others. In assessing how good or bad a state
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.