Go experience other countries. Travel will improve your mindset and your character. Travel does broaden. A high school seminar in Auburn, Alabama; 29 April 2011. Sponsored by Dr. Don W.
[ The Economics of Money, Banking and Financial Markets • By Frederic S. Mishkin • Prentice Hall; 9th edition (July 17, 2009) • 768 pages] Overall, Frederic S. Mishkin’s The Economics of Money, Banking, and Financial Markets is a well-written textbook. It is also one of — if not the — most widely used textbooks available. Its high reputation
ABSTRACT: Hoffmann (2018) attempts to reconstruct a typology of risks deemed more accurate and useful to both economists and risk managers than currently received views on the subject within mainstream economics/finance and Austrian economics. This comment argues that his criticisms of the Misesian approach and his case for an alternative are
Here is an interesting article in the New York Times about the subsidized bike rental system in Paris (HT to Briggs Armstrong). Many of the specially designed bikes, which, when the system’s startup and maintenance expenses are included, cost $3,500 each, are showing up on black markets in Eastern Europe and northern Africa. Many others are being
Information Protectionism strikes again. Author Lalie Walker and her editor are being sued by famous Parisian textile retailer “Marché St-Pierre” for using the store’s name in Ms. Walker’s new fiction, Aux malheurs des dames. The store claims that the Walker’s use denigrated its reputation (in the story, Marché St-Pierre is the scene of some
Volume 16, No. 1 (Spring 2013) ABSTRACT : The law of association as espoused by David Ricardo and generalized by Ludwig von Mises cannot directly convey what is at stake in exchanges involving specialization in uncertainty bearing. In this article we explain why the entrepreneurial function as conceptualized by Frank Knight and Mises does not fit
Volume 13, Number 1 (Spring 2010) ABSTRACT: This paper explains how grants of monopolistic privileges to capitalists can lower labor and land factors’ prices compared to what would prevail in a free market environment. Monopoly gains of privileged business owners are not only “extracted” from their clients but also from factor owners. We revisit
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.