Several Austrian professors have said that they appreciate Greg Mankiw’s principles text on economics, as a solid intro to mainstream thinking (it is mercifully free of most Keynesian anachronisms) and a good foil for Austrian perspectives. Certainly one has to appreciate his honesty in saying that he never read any Austrians in grad school and
The New York Times ran a just-the-facts story about Argentina’s increasingly egregious price controls—beginning in browbeating, moving to controls on beef, spreading to all consumer goods, and ending in export bans—that somehow failed to report any information on central-bank policies, as if price increases and the money supply have nothing to do
This piece by Charles Wheelan, by the economics editor of Yahoo Finance, is provocatively titled “ Taxes Can Be Good for You .” So we read and read to find out precisely how it is the case that having some of our earnings and property taken from us by force can actually be good for us as individuals. In the course of his argument he makes silly
I suppose that I wasn’t entirely aware of how hard-core Henry Hazlitt was on the gold question until re-reading The Inflation Crisis and How to Resolve it : This brings us to gold. It is the outstanding merit of gold as the monetary standard that it makes the supply and the purchasing power of the monetary unit independent of government, of office
A nice piece by our own Robert Bradley, author of the splendid Energy: The Master Resource . “ Little has changed in the 75 years since Spanish philosopher José Ortega y Gasset wrote, “In disturbances caused by scarcity of food, the mob goes in search of bread, and the means it employs is generally to wreck the bakeries.” Revised for the crisis du
And yet no one can seem to point to a single example of its use . (Thanks Digg.com , where many bloggers said Game Theory is descriptive, not prescriptive.)
You can get a sense from t his article on CNN what Homeland Security has come down to: shoveling hundreds of millions of dollars to state and local governments, based on the political influence of politicians that represent them and the effectiveness of their lobbyists. Millions and millions everywhere but still people complain that it’s not
And the US Army Corps of Engineers is really sorry about destroying New Orleans . Now get over it and send them more money! Meanwhile, reports like this do not inspire confidence: “The Army Corps of Engineers yesterday experienced movement of a 400-foot section of hurricane protection levee system near Buras in Plaquemines Parish. The section of
I’m trying to order a hamburger, medium well, but the cook was involved in heated argument with the customer who was insisting that DSL is better and faster than cable for a home internet connection. ‘Man, DSL rocks!’ ‘You are crazy. DSL ain’t nothing. Cable’s bandwidth rocks!’ ‘You are paying for nothing. You can’t download nothing on cable!’ And
A very nice oped in the Houston Chroncle , by Robert Bradley, concerning the global warming question. I’m glad he is fighting this fight. I thought that this issue would have died long ago, but It seems like nearly everyone on the left (broadly speaking) is convinced that this is the issue that they can use to crush all that they hate about modern
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.