The marketplace is a wonderful place, writes Chris Westley, except when it’s MarketPlace, that public radio program that airs mornings and evenings in the United States. It’s a reliable source of economic fallacy, state celebration, and anti-commercial bias. Since there is no shortage of privately provided business media in print, radio, and
The Economist magazine’s ranking of business schools lists, for the first time ever, a non-American institution at the top. The University of Navarre’s IESE Business School bumped Northwestern University from the number one ranking because of its particularly strong performance in the areas of opening new career opportunities and in starting
I always knew that if the Republicans were ever to become the majority party, they would do it by mimicking the Democrats. To support this point, this morning’s Washington Post includes a graphic showing the big winners (in terms of wealth transfers) from the recently-passed transportation bill. These include: + $550 million for Rep. Tom DeLay
I remember receiving several coarse emails a couple of years ago for citing William Nordhaus ‘ 2002 study that estimated the Iraq War would cost around $1.2 trillion over ten years. Read the full study here . WARNING: Large download. (A summary table can be seen here .) The figure was outlandish, I was told. This was back at the time when Larry
The great James Grant marks the 5th anniversary of the height of the stock market bubble in an essay in today’s New York Times , with an Austrian explanation of both the boom and the bust. An excerpt: With no lights flashing red or even amber, investors sped through the financial intersections. They paid more for houses, office buildings and junk
Says William McDonough, executive vice president of the United Food and Commercial Workers union, in today’s New York Times : “Henry Ford made sure he paid his workers enough so that they could afford to buy his cars. Wal-Mart is doing the polar opposite of Henry Ford. Wal-Mart brags about how its low prices help poor Americans, but its low wages
The next pope will be a socialist in some sense, writes William Rees-Mogg , since all bishops, to varying degrees, believe that state wealth redistribution is a good thing (notwithstanding the 8th Commandment). So, Rees-Mogg suggests, the new pope should read a little Adam Smith. I concur, but I would also slip him a copy of Thomas E. Woods’
In response to my article today on Mises.org, a correspondent from Poland writes: [L]et me send you another, more direct connection: Carl Menger. He was born in Nowy SÄcz (Neu Sandec in German, this was also part of the Austro-Hungarian Monarchy at this time, hence you may come across this German version of the place’s name). It is a town circa
“Lots of ordinary people putting their heads together do better than small groups of experts,” writes the BBC’s Stephen Evans : If you had wanted to know who was the most likely Cardinal to be promoted to Pope you shouldn’t have relied on the pundits. Nor should you have taken any notice of the Vatican watchers who studied the arcane politics of
Well, like they say at Marginal Revolution, there are markets in everything. Checking eBay this evening, I noticed that someone is selling the domain name for www.TerriSchiavo.com, with over 22 bids so far (at over $400). (Curiously, all the other domain names up for sale have gotten no bids.) If you are interested, you can also pick up some
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.