Mises Wire

Modern macroeconomic theory claims that government spending, taxation, and monetary creation is essential for economic growth. Austrian Economists, however, note that government stifles the economy.

Our author went to St. Croix in the US Virgin Islands, expecting a vacation in paradise. Unfortunately, thanks to the USVI government‘s laws “protecting” the taxi industry, he had to spend a tidy sum of money just getting around.

Was Paul Heyne an ethicist who thought like an economist or was he instead an economist who thought like an ethicist? It was a bit of both. Heyne‘s popular text, The Economic Way of Thinking, educated a lot of students about how economics really works.

While China has made great strides economically since the days of Mao, nonetheless, there remain a number of weaknesses in the economy. While we should recognize its economic strengths, we should not be tempted to portray China as an economic superpower.

Modern neoclassical economics is based upon the physical sciences, which Austrian economists recognize is an inappropriate way to explain economic phenomena. Ludwig von Mises recognized this fraudulence, calling it “scientism.”

As a bookend to last week‘s critical article on Thomistic Aristotelianism of Alasdair MacIntyre, Dr. David Gordon in Friday Philosophy scrutinizes the libertarian-tolerant philosopher Henry B. Veatch. Dr. Gordon finds Veatch‘s arguments much more tolerable.

At first glance, it might seem extreme—even offensive—to compare anti-fossil fuel climate policies to Stalin’s deliberate starvation of millions during the Holodomor. But in truth, the comparison may be unfair—to Stalin.

If we really want America to be “great” it must first be free. 

Accreditation in higher education began as a private effort to identify academic quality. Then the federal government took over the process and demanded that accreditation be based upon political standards.

Nominalist ideas influenced the scientific revolution, shaping its departure from metaphysics, its mechanistic perspective, and the mathematization of all sciences. This paradigm has brought about some errors in economic thinking.