As Joseph Stiglitz sees matters, the euro suffers from a fatal flaw. The euro is the currency of 19 European countries; and common money blocks efforts of nations that, according to Stiglitz, need to devalue their currencies. More generally, attempts to restrict government control of the economy arouse the wrath of this implacable enemy of the
Today would have been the 89th birthday of Burt Blumert, one of the greatest personalities of the modern libertarian movement. Burt was the indispensable man behind the scenes and was a key figure in the Mises Institute, the Center for Libertarian Studies, and LewRockwell.com. He was one of Murray Rothbard’s closest friends; and when you met him,
Today would have been Murray Rothbard’s 92nd birthday. He was an unforgettable friend, whose immense knowledge of many different fields was unsurpassed in my experience. In a lecture on the Austrian Theory of the Business Cycle, he mentioned the common objection that the expansion of bank credit might have no effect, if investors anticipated
The Free Market 30, no. 5 (May 2012) In a speech to the American Society of Newspaper Editors on April 3, 2012, President Obama called a budget proposal of his Republican opponents in Congress “thinly veiled Social Darwinism.” What did did the president mean by this comment? The budget proposal in question, he claimed, would require drastic cuts
Why Liberalism Failed . By Patrick J. Deneen. Yale University Press, 2018. Xix + 225 pages. Patrick Deneen’s thoughtful book poses a challenge to libertarians. Deneen, a political theorist who teaches at Notre Dame, has with great force identified a fundamental tendency of our times. Destruction of traditional attachments to family, local
Anti-Piketty: Capital for the 21st Century , Jean-Philippe Delsol, Nicolas Lecaussin, and Emmanuel Martin, eds. Cato Institute, 2017 When Thomas Piketty’s Capital in the 21st Century was published in 2015, it suffered an unexpected fate for a treatise of 700 pages, filled with statistics and equations. It became a bestseller. Proclaimed a
There is a central theme in Patrick Deneen’s Why Liberalism Failed which I failed to note in my review of it. Deenen has a radical view of the role of intellectuals in modern history. He says, “The foundations of liberalism were laid by a series of thinkers whose central aim was to disassemble what they concluded were irrational religious and
Quarterly Journal of Austrian Economics 20, no. 3 (Fall 2017) The Euro: How a Common Currency Threatens the Future of Europe Joseph E. Stiglitz W.W. Norton, 2016 As Joseph Stiglitz sees matters, the euro suffers from a fatal flaw. The euro is the currency of 19 European countries; and common money blocks efforts of nations that, according to
[ Three New Deals: Reflections on Roosevelt’s America, Mussolini’s Italy, and Hitler’s Germany, 1933-1939 . Por Wolfgang Schivelbusch. Metropolitan Books, 2006. 242 pgs.] Los críticos del New Deal de Roosevelt a menudo lo comparan con el fascismo. Los numerosos defensores de Roosevelt desestiman este cargo como propaganda reaccionaria; pero como
¿Qué actitud deben adoptar los partidarios del libre mercado hacia la descentralización? ¿Deberían los libertarios apoyar el movimiento por la autonomía catalana, por ejemplo, incluso si los líderes de ese movimiento no son amistosos con el libre mercado? ¿Tenemos el deber de difundir las instituciones de libre mercado a lo largo y ancho de la
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.