The Free Market 19, no. 1 (January 2001) A mathematician and an economist were asked, “What is the sum of two plus two?” The mathematician immediately answered, “It is four.” The economist, on the other hand, closed all windows and doors and asked quietly, “What do you want it to be?” Just when we think this story is simply another silly
The latest figures coming from government statisticians reveal that a few problems may be coming down the road. For many years, Americans have been told that we can have easy money from Alan Greenspan’s Federal Reserve and no perceptible inflation, all at the same time. While the whole thing was a lie from the beginning, there was at least the
While Congress and the media debate the merits of President George W. Bush’s tax cut proposal, a much more interesting economic event is occurring across the Pacific Ocean. Japan, it seems (formerly known as “Japan, Inc.”) has been a decade-long experiment in Keynesian Economic Theory, and if the results do not bury Lord Keynes even deeper in his
Austrian economists and those who are part of the mainstream—especially the Chicago School—differ on many things, with one of the greatest divides being the subject of antitrust laws. As many writers on this page already have pointed out, Austrians hold that antitrust laws do not need to be reformed; they need to be abolished immediately.
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.