Book Chapters

Displaying 1 - 6 of 6

The Gold Standard Act of 1900 and After

Gold Standard

The Gold Standard Act was only the first step on the much-needed path to fundamental banking reform.

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Economics in Service of the State: The Empiricism of Richard T. Ely

Big GovernmentU.S. HistoryWar and Foreign Policy

World War I was the apotheosis of the growing notion of intellectuals as servants of the State. Richard T. Ely was the leading progressive economist of this new breed.

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Psychology vs. Praxeology

Calculation and Knowledge

Mises’s exposition of economic science differed decisively from all modern authors in that it drew a sharp line between praxeology and psychology.

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Equilibrium, Profit and Loss, and Entrepreneurship

The EntrepreneurEntrepreneurship

Mises stated that general equilibrium is purely a methodological device with no counterpart in the real world. It only defines profit and loss.

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George Washington: An Image and Its Influence

U.S. History

Washington took office in 1789 and was viewed as a hero. Were the effects of the influence that accompanied this prestige good or bad for liberty?

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John Prince Smith and the German Free-Trade Movement

John Prince Smith was the creator of the German free trade movement and its leader from the 1840s until his death in 1874.

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