The Free Market 16, no. 6 (June 1998) Around the country, sports entrepreneurs have been responding to a perceived social problem by doing what they do best: efficiently serving customers. The advent of the work-out craze led to the blossoming of a prospering health-club industry. Along with growth, however, came certain problems, some of which
The Free Market 16, no. ( 1998) No sooner is John Maynard Keynes declared irrelevant for modern economics than some establishment figure declares him the god of the age. It happened again, in the pages of Fortune Magazine (August 17, 1998). The writer was MIT’s Paul Krugman, one of the most famous economists alive. His article, “Why Aren’t We
The August 17, 1998 issue of Fortune features a paean to John Maynard Keynes by Paul Krugman entitled “Why Aren’t We All Keynesians Yet?” Here is my response: Paul Krugman’s column of August 17, 1998, “Why Aren’t We All Keynesians Yet?” is silly and discouraging. Under the general heading “No Free Lunch,” Krugman celebrates the 20th century’s
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.