I am pleased to report that my research on how drinkers earn more money is mentioned in this month’s Maxim . “Swill to Pay the Bills. Men who booze earn up to 17 percent higher pay than their teetotaling, would-never-show-up-in-yesterday’s-clothes coworkers.” Maxim Magazine , October 2011, p.43 Read the original research Edward Stringham, Hackley
We have all heard that alcohol in moderation appears to offer health benefits , from reducing the risk of heart attack to even decreasing susceptibility to the common cold. And for the many people who consume alcohol, drinking sometimes has entertainment value, as well. But I live in North Carolina, where we have some of the highest beer taxes in
What does it take to bring about a well-functioning market? Almost all economists agree that people should engage in cooperative exchange rather than predation, theft, or fraud, but how to ensure this is a matter of debate. Many neoclassical economists follow Thomas Hobbes and focus on changing legal arrangements to solve prisoners’ dilemma
I was pleased to be able to present this paper at the most recent Mises Circle in Las Vegas where I got to see some great people . The realm of law is usually the foundation of government, and the suggestion that central control be abandoned shocks most people as something impossible. Philosophers, from Hobbes to Rand, believe that for all
Most people argue that government enforcement of contracts is required otherwise a market cannot operate. For example, Douglass North argues that “complex contractingin a world of impersonal exchange must be accompanied by some kind of third-party enforcement.” The growing list of financial regulations are often supported by people hold such a
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.