Among the most advanced topics in the literature in the Austro-libertarian milieu is that which deals with the workings of the fully free society, that is, the society with no state, or anarcho-capitalism. Robert Murphy deals with this head on, and makes the first full contribution to this literature in the new century. Working within a
One of the most common justifications for government intervention is an alleged “market failure.” There are countless mainstream economic models that purport to show the inefficiency of unregulated markets, which can ostensibly be improved by political means. These analyses, however, often abstract away from the real-world problems of dispersed
New York City is in trouble. Rainfall has been far below its historical level, raising the specter of water shortages. Fortunately, the government has a plan. A three-phase Drought Management Plan , to be specific. According to the City of New York’s Department of Environmental Protection : As conditions dictate the declaration of the successive
In a recent New York Times article , Hal Varian — a respected mainstream economist and textbook author — describes the contributions of Nobel Laureate John Nash: So what did John Nash actually do? Viewers of the Oscar-winning film A Beautiful Mind might come away thinking he devised a new strategy to pick up girls. Mr. Nash’s contribution was far
Until recently, most macroeconomic forecasters, assisted by mathematical models, were predicting economic recovery and rising stock indices. But the market has reminded us that reality doesn’t always correspond to the predictions of those who claim the mantle of “science.” As is so often the case, those economists who were more humble in their
The June 26 ruling by a 9th Circuit appeals court that the phrase “under God” is an unconstitutional endorsement of religion in public schools has reignited the familiar debate in American politics on the proper balance between the rights of minorities and the desires of the majority. Advocates of the ruling are predictably hailing it as
In a recent article for Slate , Steven Landsburg explains that he and his colleagues at the University of Rochester teach in one of the top-ranked economics departments in the world. He then makes the amusing admission that “somehow last summer, we managed to spend a week in a state of collective befuddlement, obsessing over a seemingly
En un reciente artículo del New York Times , Hal Varian —un respetado economista de la corriente principal y autor de libros de texto— describe las contribuciones del Premio Nobel John Nash: Entonces, ¿qué hizo John Nash en realidad? Los espectadores de la película ganadora de un Oscar, A Beautiful Mind , podrían pensar que ideó una nueva
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.