Featured in this issue of the Quarterly Journal of Austrian Economics (Vol. 16, No. 4): The Marginal Efficiency of Capital by Edward W. Fuller How Entrepreneurship Theory Created Economics by Christopher Brown and Mark Thornton Driving the Market Process: “Alertness” Versus Innovation and “Creative Destruction” by Samuel Bostaph Legal
Over at Mises Canada today , I write about the real wolves lurking in the economy. By now many of you have probably seen the “Wolf of Wall Street”, the story of a fraudster who managed to swindle millions from his clients. Leonardo DiCaprio has been lambasted for romanticizing the life of the real-life “wolf” he recently won best actor for at the
New from Associated Scholar Antony Mueller: Beyond Keynes and the Classics. Outline of the Goods Side/Money Side Model of the Business Cycle and Macroeconomic Configurations Antony P Mueller UFS - Federal University of Sergipe - Universidade Federal de Sergipe January 20, 2014 Abstract: This paper presents the goods side/money side (GS/MS) model
[The Chris Christie bridge scandal has highlighted some of the pitfalls of political control of the highway system. In this selection from Chapter 21 of The Privatization of Roads and Highways , Walter Block discusses some issues related to the privatization of roads. Block address the issue of traffic congestion throughout the book. ] Question:
Already in mailboxes is the January edition of The Free Market , the Mises Institute’s monthly. In this issue, Ryan McMaken writes on the AMC show Hell on Wheels and the transcontinental railroads: Hell on Wheels wastes no time in making it quite clear that this is not the story of heroic entrepreneurs or industrialist visionaries. It is the story
Over at Mises Canada , I’ve started the coverage of the Sochi Olympics . Countless sporting records will be broken in Sochi over the next two weeks. Surprisingly perhaps, the biggest record was already broken before the games ever begin. With some estimates running as high as $65 billion, the Sochi Olympics are ten times more expensive than the
by Ron Paul Appearing last week before the Senate Intelligence Committee, Director of National Intelligence James Clapper testified that he could not say the threat from al-Qaeda is any less today than it was ten years ago. It was a shocking admission. Does he mean that the trillions of dollars spent fighting the war on terrorism have resulted in
Ever wonder what a digital bank run looks like? Nearly one million Mt. Gox users are finding out first hand. The Tokyo-based exchange, popular amongst currency traders, has risen in prominence by offering its customers storage services in a variety of currencies. This effectively makes it act as an online bank. One such “currency” that it allows
The Olympic Charter which supposedly guides the spirit of the Games makes the following claim: The practice of sport is a human right. Every individual must have the possibility of practicing sport, without discrimination of any kind and in the Olympic spirit, which requires mutual understanding with a spirit of friendship, solidarity and fair
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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.