While the costs of providing health care insurance are beginning to skyrocket because of Obamacare, insurance company executives are sleeping very soundly. A respected consultant to health insurance companies, Robert Laszewski, reveals that there are two obscure provisions in Obamacare that guarantee that insurance companies will be subsidized and
One of the most important areas in which Cantillon influenced J. B. Say involves a set of issues which receives no explicit treatment in the Essai . I refer to the distinctive and pathbreaking methodology employed by Cantillon in his treatise. Volume 7, Number 2 (1985) Salerno, Joseph T. “Influence of Cantillon’s Essai on the Methodology of J.B.
Volume 4, No. 3 (Fall 2001) I would like to emphasize two implications of my argument. First, the concept of secular growth as an uncaused phenomenon contradicts the Mengerian method of analyzing dynamic market processes as well as modern Austrian capital and interest theory and should be purged from capital-based macroeconomics. In its
Volume 5, No. 3 (Fall 2002) The editors have decided to devote the bulk of Volume 5, Number 3, Fall 2002 Quarterly Journal of Austrian Economics to articles by F.A. Hayek, Eugen von Böhm-Bawerk, and Frédéric Bastiat . The articles by Hayek and Böhm-Bawerk were very recently translated from German by Marcellus Snow and George Reisman
Volume 5, No. 4 (Winter 2002) In 1982, Rothbard closed his remarks on the controversy over the journal’s name with the following statement: “At any rate, we have a tough row to hoe in Austrianism in general to rescue it from: Lachmann-Shackle nihilism; Stanford probababble ; . . .modern philosophy; and fuzzy Hayekianism . All this
Volume 6, No. 4 (Winter 2003) Whether the current recovery will strengthen, which appears to be the prevailing consensus, or whether unforeseen events in the financial arena abort it prematurely, we will see a hefty rise in consumer prices in the next few years. In other words, an existing or imminent deflation in the US is a chimera conjured
Volume 9, No. 4 (Winter 2006) Editorial: Our hope in publishing this symposium is to assist other instructors in teaching Austrian macroeconomics at the intermediate level and to inspire those who are inclined and equipped to contribute publications which will advance this under-developed field of economic pedagogy. The publication of this
This article is also available as an Audio Mises Daily One of the worst effects of modern Keynesian economics is that its total spending (“aggregate demand”) approach to output and employment provides a pseudo-scientific justification for the central error of mercantilism — an error that dates back to the sixteenth century. According to this
This year Tax Freedom Day falls on April 22 , three days later than last year. By that date, Americans will have earned sufficient income to pay the $3.0 trillion and $1.5 trillion they will be forced to pay this year in federal and state taxes, respectively. The total of $4.5 exceeds the amount they will spend this year on food, clothing, and
Joe Salerno reviews ‘Man, Economy, and State, with Power and Market’ by Murray N. Rothbard. Purchase online.
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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.
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