As detailed here , no expensive and ill-used, Western aid, no high tech inputs, no government planning, no Malthusian doom — just a simple tale of human ingenuity, incentivised by the small matter of better property rights, overcoming an ecological disaster. From colonial times, all trees in Niger had been regarded as the property of the state,
Seventy-odd years ago, Patrick Barrington penned a humorous debunking of Keynesian mythology (presumably while the General Theory was still being given its final polish). Today, at the tail end of one of the most spectacular and widespread credit expansions ever experienced, attitudes are a little different, though human fallibilities remain the
For anyone interested, I have a review of Sam Gregg’s new book, The Commercial Society: Foundations and Challenges in a Global Age , in the current issue of the University Bookman
The reopening of the U.S. stock market was an operation tinged with the same anxieties as grips a delinquent student on opening his exam results, or a driver with a criminal record being pulled over by the State’s most feared tax-gatherers, the traffic cops. Whatever direction the market may take in the future, its opening day was a time for
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.