Gordon, David, “In DeLong Run ...,” The Austrian 9, no. 3 (Jam/June 2023): 18–20. [ Slouching Towards Utopia: An Economic History of the Twentieth Century by J. Bradford DeLong, Basic Books, 2022 viii + 605 pp.] J. Bradford DeLong, who teaches economics at UC Berkeley and was a protégé of Larry Summer’s dislikes Austrian economics, which he
Gordon, David, “In DeLong Run ...,” The Austrian 9, no. 3 (Jam/June 2023): 18–20. [ Slouching Towards Utopia: An Economic History of the Twentieth Century por J. Bradford DeLong, Basic Books, 2022 viii + 605 pp.] J. Bradford DeLong, que enseña economía en la Universidad de Berkeley y fue protegido de Larry Summer, detesta la economía austriaca,
[ Slouching Towards Utopia: An Economic History of the Twentieth Century by J. Bradford DeLong, Basic Books, 2022 viii + 605 pp.] J. Bradford DeLong, who teaches economics at UC Berkeley and was a protégé of Larry Summer’s dislikes Austrian economics, which he sometimes assails on his blog. You might reasonably expect that for this reason, I will
Jesús Huerta de Soto, who is professor of economics at the Rey Juan Carlos University of Madrid, is the leading representative of the Austrian school of economics in Spain. He is a renowned teacher, and two of his many doctoral students, David Howden and Philipp Bagus, both now themselves professors of economics, have edited a festschrift in his
Moral Progress in Dark Times: Universal Values for the 21st Century by Markus Gabriel, translated by Wieland Hoban Polity Press, 2022; xii + 281 pp. It would be easy to give this book a negative review, as it advocates a number of policies that from our standpoint are wrongheaded. Gabriel is especially alarmed by the dangers of “climate change”
Scalia: Rise to Greatness, 1936–1986 by James Rosen Regnery Publishing, 2023 496 pages James Rosen, who has written biographies of John Mitchell and Dick Cheney, and was for many years a reporter for Fox News, has found an ideal biographical subject in Antonin Scalia,, who served for thirty years on the Supreme Court. The volume under review, the
I was born shortly after the end of World War II, in 1949, in the British occupied zone of West Germany. My parents were both refugees, endangered at or forcibly expelled from their original homes in Soviet-occupied East Germany. As countless others of my generation, then, I was raised by a generation of parents and teachers who had just
In the midst of an economic downturn caused by central banks interfering with the economy, economists and politicians have proposed a variety of proposed causes and remedies to these business cycles, many hoping to have their plans followed so as to achieve fame and government privilege. Though some are close to the mark as to what causes business
On March 15, 2020, The Federal Reserve announced that the legal reserve requirement for banks was being lowered to zero percent . In 2023, the legal reserve requirement is still zero percent. With this policy change, banks can now effectively loan out their reserves infinitely, drastically increasing the money supply. On top of this, the money
There has been much talk lately about the Great Depression. Not only because we are on the cusp of a recession, but comparisons have always been drawn to this ominous period of economic downturn. The best action we can take as economists is to study it, and Murray Rothbard did just that. America’s Great Depression , published in 1963, contains
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.