It is inherently implausible, if you think about it, that the state could be an effective administrator of justice, for which there is a supply and demand like any other good. Shortages, inefficiencies, arbitrariness, and high costs will be main features of such a system. And because we are dealing here with the meting out of coercion, we can add
There I stood at the pharmacy counter, with a head cold, sniffing away, and begging for some product that contains pseudoephedrine , which works like a magic nose unclogger. The stuff you can get off the shelf now contains the similar-sounding drug called phenylephrine , but it might as well be a placebo. It just doesn’t work, and most everyone
This is a fascinating review of Rothbard’s economic treatise , by Henry Hazlitt, published in National Review, September 25, 1962. He loves the book, of course, but introduces criticisms toward the end, particularly pertaining to the Rothbardian perspective on repudiating government debt, the legalization of blackmail, and the strict distinction
Web junkies have become accustom to the idea that anything Google does is glorious, so it has come as something of a shock to realize that the its takeover of Blogger has been, well, not going well. In fact, for many people, the conversion has been a calamity. Among those blogs that have converted, hundreds, perhaps thousands, perhaps hundreds of
Well, this is interesting. The IRS here says that: “If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.” (See page 90 under “”Stolen Property.” I wonder what implications this has for the tax returns of, for example, Members of Congress.
This fascinating and inspiring story from the BCC shows how Vietnam has been transformed through trade and capitalist practice. “Vietnam now attracts more overseas investment than India does; it is second only to China in the Asian economic growth league, and 50% of the Vietnam population is aged 35 or under. The trite way of putting it is that
I find this book intriguing . First, I’m embarrassed to admit that I’ve never read it, or even heard of it until recently. Second, I don’t know who the author is, though she studied with Roepke and otherwise offers a massive bibliography, and is clearly an outstanding scholar. If anyone knows, please post. Third, I’m intrigued by her thesis,
Elisabeth Tamedly (Lenches), author of this wonderful treatise that we just posted, also contributed an interesting piece found here . She writes: Church leaders often call on their flocks to live a life of service to God “regardless of cost.” This exhortation flies straight in the face of economic thinking — and reality. Believers, to be sure,
Here is my review of Brian Patrick Mitchell’s 8 Ways to Run the Country: A New and Revealing Look at Left and Right .
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.