Austrians have a different point of view about economic growth. Growth requires four ingredients: domestic private investment, sound money, private property, and free markets. Archived from the live Mises.tv broadcast, this lecture by Mark Thornton was presented at How Does an Economy Grow? A Seminar for High School and College Students
Legalizing recreational marijuana has begun. Marijuana for medical use is already legalized in twenty states. Marijuana is not a gateway drug as it has been viewed for almost one hundred years. Begin to be more afraid of government and current legal drugs, like prescriptions. Legal free markets in drugs would be incredibly beneficial. Here are
Communities like Baltimore and Ferguson have been crippled by government regulations and the American nanny state. Now is the time to allow local residents to break free of government wage controls, government schooling, and government prohibitions, writes Mark Thornton . This audio Mises Daily is narrated by Robert
I am regularly asked what can be done to solve the problem of “urban blight” in places like Detroit. The question is usually asked with exhausted desperation and a shrug, as if there are no possible answers. The cause of this “blight” is the root of the problem, and when ignited by police brutality, sets off riots in cities like Ferguson and
This article is also available as an Audio Mises Daily [ Smuggler Nation: How Illicit Trade Made America by Peter Andreas, Oxford University Press, 2013.] Whenever I receive a book to review that is written by some hotshot ivy leaguer, I brace myself for all the deception and tomfoolery that I will have to endure. Peter Andreas’s Smuggler Nation ,
Volume 16, No. 4 (Winter 2013) ABSTRACT : Richard Cantillon is credited with the discovery of economic theory and was the first to fully consider the critical role of entrepreneurship in the economy. Cantillon described entrepreneurship as pervasive and he casted the entrepreneur with a pivotal role in the economy. Using a sample of models from
Guest Editor: Dr. David J. Rapp , Saarland University, Germany Call for Papers for a special issue scheduled for 2016 on “Business management and Austrian economics” Paper Submission Deadline: August 1, 2015 The subject “Business management and Austrian economics” examines the interrelations between business management and Austrian
With summer upon us and temperatures rising, we should stop and thank our lucky stars for air conditioning — and wish upon the same stars that government won’t destroy it, because it seems to be trying to do so. Willis Haviland Carrier invented the modern air conditioner in 1902. Thomas Midgley Jr. created the first chlorofluorocarbon gas, Freon,
You might have the impression that everyone has switched from beer to red wine, or that everyone has switched from Budweiser to microbrews, homebrew, and high-gravity beers. However, do not count out the good old American cocktail. It is true that beer has lost market share and wine has gained market share, but by far the biggest winner in recent
Walter Block is at his finest when he subjects the most loathsome jobs and nastiest behaviors to a logical and libertarian scrutiny. Block’s Defending the Undefendable has needled and irritated an entire generation of readers and compelled many to re-examine long-held beliefs in favor of the logic of libertarianism. Now comes volume 2, Defending
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.