Slate carries a fascinating article by Fred Kaplan on Thomas Schelling’s role in the Cold War. I highly recommend Fred Kaplan’s book, The Wizards of Armageddon . It contains an insightful account of the central role the RAND Corporation played in the development of game theory. The RAND Corporation, formerly Air Force Project RAND (for Research
This question came into the Institute from Allen Sukholitsky, a study at Columbia: I had a few exchanges with my professor about the producer/consumer burden of the excise tax and she gave me numbers that appeared to prove that an excise tax can be partially given to the consumer. She gave me 3 combinations of price/quantity to prove the point.
This is the best Batman movie yet . Christian Bale, living up to the promise of his performances in American Psycho and Equilibrium, is the best Batman, hands down. Bale’s Batman is dark, dangerous, disturbed, dehumanized and vengeful—as he was meant to be. As Batman, his voice takes on a guttural, animalistic quality. The new menacing-looking,
With regard to Tullock’s “major objection” to the theory, his argument (pp. 3-10) is likewise marred by an apparent unfamiliarity with advanced expositions of the theory. I shall not attempt here to give a point-by-point critique of the author’s main argument that, during a typical Austrian business cycle, “there would be only minor transitional
From The Review of Austrian Economics Vol. 4 (1990): 26–54. For the most part Ludwig von Mises’s writings on society and social evolution have been ignored by the participants in the current revivals of both Austrian economics and classical liberal political philosophy. When his social theory has been addressed, Mises appears to his critics (Barry
Ludwig von Mises’s contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today, despite the fact that Mises succeeded exactly eight decades ago, while barely out of his twenties, in a task that still admittedly defies the best efforts of the most eminent of modern monetary theorists,
For roughly the first three quarters of the nineteenth century, the “liberal school” thoroughly dominated economic thinking and teaching in France. Adherents of the school were also to be found in the United States and Italy, and liberal doctrines exercised a profound influence on prominent German and British economists. Although its numbers and
From The Review of Austrian Economics Vol. 6, No. 1, 1992.
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.