Volume 13, Number 3 (Fall 2010) Larry was a committed Austrian economist and passionate defender of the liberal economic order. At the time of his passing, he was a leading advocate of free banking and critic of central banking. A prolific and engaging writer, he authored many scholarly and popular articles on a wide variety of topics, ranging
Volume 11, No. 3 and 4 (2008) Mises, Friedrich Hayek, and Murray Rothbard were the main architects of the distinctly Austrian theory of production as it exists today. All three conceived the entrepreneurial function in the actual market economy as presupposing the ownership of property, specifically capital. Yet, many, if not most, contemporary
Abstract : Fegley and Israel (2020) have advanced the thesis that the status of leisure as a consumer good is an immediate inference from the action axiom rather than an empirical postulate as maintained by Mises and Rothbard. This comment argues that we can easily imagine a world in which leisure does not represent the opportunity cost of labor,
Banking and Monetary Policy from the Perspective of Austrian Economics Annette Godart-van der Kroon and Patrik Vonlanthen, eds. Cham, Switzerland: Springer, 2018 280 pp. Joseph T. Salerno (salerno@mises.org) is professor of economics at the Lubin School of Business at Pace University. The editors are to be heartily congratulated for putting
Abstract : Karl-Friedrich Israel (2018) sees “obvious tension” in a book chapter (Salerno 2018) in which I argue that the Hicksian income effect plays no role in the causal-realist approach to the demand curve. Israel’s reconstructed “wealth effect” is an effort to solve this perceived problem. This comment addresses the expositional gap in my
Volumen 2, No. 1 (Primavera 1999) El núcleo de cualquier sistema de teoría económica es la explicación de cómo se determinan los precios. Como el propio Mises (1998, p. 235) lo expresó, «La economía se ocupa principalmente del análisis de la determinación de los precios monetarios de los bienes y servicios intercambiados en el mercado». Así, el
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.