If there was any doubt that Ron Paul was not going to win the Republican nomination for the presidency, it was undeniably removed when on Tuesday Mitt Romney received the 1,144 delegates needed to clinch it. Does that mean Ron Paul failed? No. It is an open secret that the campaign was really about education all along. And in that regard, Ron
Steven Horwitz has an essay up at Cato protesting that, contrary to common perception, “modern” Austrian economics is actually very empirical. Much of his argument stems from his treatment of economic history as being a subset of economics , in stark contrast to Mises’s position that There is economics and there is economic history. The two must
Imagine a world in which the works and ideas of Ludwig von Mises had been neglected and ultimately forgotten. The socialist-calculation argument, the Austrian theory of the business cycle, praxeology: each nothing more than a footnote in the history of economic thought. Imagine a world in which the only Austrian economists were a handful of
Another hurricane strikes, and, as always, it has been followed by another round of pundits proclaiming that it will boost the economy. The broken-window fallacy lives on. But with the lessons contained in the following resources, you can easily blow down the fundamentally flimsy arguments of the hurri-Keynesians. This short film, created by
A certain line of thinking is all too prevalent among liberty-minded Americans. It runs as follows: “Candidate X may not be perfect, but he is better on domestic economic policy than candidate Y, and that is obviously what matters most for liberty.” This way of thinking underlies “libertarian” endorsements of candidates such as Mitt Romney, and it
”I do not ask that you place hands upon the tyrant to topple him over, but simply that you support him no longer; then you will behold him, like a great Colossus whose pedestal has been pulled away, fall of his own weight and break in pieces.” -Étienne de La Boétie
The Free Market 30, no. 1 (January 2012) There will always be a 1%. The well-being of the 99% depends on who makes up the 1%: entrepreneurs or the state and its cronies. This in turn depends on the ideologies adopted by the 99%. “We are the 99%!” This slogan of the Occupy Wall Street protesters has been called the most memorable quote of the
The Free Market 30, no. 4 (April 2012) One hundred years ago this June, Ludwig von Mises’s The Theory of Money and Credit was published. Because this was Mises’s first great contribution to human understanding, we should also celebrate this year as the centennial of the start of his career as a creative genius upon the world-stage. Mises wrote
Two $1,000 prizes were awarded at last week’s 2012 Austrian Scholars Conference for outstanding essays. Fittingly, in the ASC celebrating the centennial of Mises’ first magnum opus, The Theory of Money and Credit (although, in the conference, Guido Hulsmann explained, among other mistranslations in the English edition of the book, how “credit”
Tyler Cowen is impressed over “ how much war can spur innovation .” He does not mention all the innovation that redirecting resources away from serving consumers and toward slaughter and destruction will at the same time
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.