I’m working on an obit now of John Kenneth Galbraith, who has died at the age of 97 .. I’ll be respectful, but truthful. After all, he did oppose the war in Vietnam. However, he did believe communism to be the superior organization of
CANTOR’S DIAGONAL ARGUMENT: AN EXTENSION TO THE SOCIALIST CALCULATION DEBATE by Robert P. Murphy. The socialist calculation debate is one of the most famous episodes in the history of the Austrian School. Provoked by Ludwig von Mises’s original salvo in 1920, the debate forced socialist theorists to refine their position TOWARD A CALCULATIONAL
Should anyone doubt that the Republicans have become the sworn enemies of the forces of supply and demand, as well as free enterprise, the following statements should change the minds of most skeptics: Congressional GOP leaders on Monday formally called on President Bush to launch an investigation into possible price gouging by oil companies, as
In a recent article on the current gasoline “crisis,” I laid blame on the Republicans in Congress for inflammatory statements coupled with terrible legislation that has laid the framework for what is occurring at the gasoline pumps. Bad economic legislation coupled with the beating of yet more war drums — directed this time at Iran — means that we
Staples used to have an advertisement in which the clueless boss comes to Dilbert’s cubicle with a visitor in tow. “Dilbert, meet our new executive vice president,” says the boss, adding, “He’s tall, so we know he’ll go far.” “I also have executive-style hair,” says the new VP, and the boss interjects, “Which we think will turn silver.” Indeed, if
Concerning the federal court conviction of Ken Lay and Jeffrey Skilling, the punditry has been consistent: the “system” works because people who committed huge crimes have been convicted and will spend all or most of their last years in prison. Thus, Forbes (”The Guiltiest Guys in the Room” by Bethany McLean and Peter Elkind) could crow: Guilty!
During a cross-country trip I took in early June, I drove past a number of Indian reservations in Arizona and New Mexico, and I must say that the sight was not exactly uplifting. I could see hundreds of tumble-down shacks and old trailers located on hillsides, and none of them were inviting places to live. It was obvious then that I was seeing
Perhaps it is human nature for people to decry whatever their situation might be. All of us wish to be better off than we are at the present time, not matter how good the state of our current circumstances. While that might be so, the supposed “inequality crisis” decried by some economists (and, of course, members of the political classes) does
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.