Free Market

The Free Market is the monthly newsletter of the Mises Institute featuring articles of application of the Austrian and market viewpoint.

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Stephan Kinsella

Has academia become so politicized that teaching good economics, and using politically sensitive illustrations, can lead to threats, fines, penalties, demotion and worse? It certainly seemed so in early February when Hans-Hermann Hoppe, a leading student of Murray Rothbard and senior fellow of the Mises Institute, received an egregious letter from the Provost of his university.

Llewellyn H. Rockwell Jr.

In the ten years between 1994 and 2004, a dramatic turn took place within the Republican Party. The themes of the 1994 election weren’t just about cutting government, though that was the central campaign promise of that generation of elected officials sent to Washington. The core was more revolutionary than that: it was a dogged commitment to full freedom philosophy forged in opposition to all the works of the central state.

Christopher Westley

Many economists mistakenly believe taxation can be good for economic growth, that war can buck up prosperity, and that even natural disasters can spur wealth creation by causing people to spend. All of this is fallacy because it fails to consider the costs of destruction, the alternative use of resources, and the unseen effects of diverted uses of property.

Robert P. Murphy

Indeed, because a free market in space industries would be open to all competitors, we have every reason to expect technological innovation to be much quicker than in a monopolized space program.

Llewellyn H. Rockwell Jr.

It is the conviction of the liberal intellectual tradition dating back to the Middle Ages that society contains within itself the capacity for internal self-management. This is in contrast to the claims of the sociology literature, which posits that human society is riddled with conflict between groups: races, ages, ethnicities, and abilities.

Hans F. Sennholz

Professor Mises had come to the United States in 1940 and joined the faculty of the Graduate School in 1945. At that time he had already published his Bureaucracy (1944) and Omnipotent Government (1944) and undoubtedly was laboring on his magnum opus, Human Action (1949) which built on its German-language predecessor Nationalökonomie.

Thomas J. DiLorenzo

If we continue to pay attention to authors like Schlosser and Ehrenreich who blame the free market for the problems we face, public support for the market will dwindle to less than it is already, and the prosperity that the free market generates will be destroyed.