In addition to Stromberg’s citation regarding the underrated James Mill, there is also pp.58-63 of Rothbard’s “Concepts of the Role of Intellectuals In Social Change Toward Laissez Faire” available here . Shall we call it the Millian Law of Association?
In Recollections from the University of Vienna , given at New York University, 1962 (33:43), Mises says (my transcription): “All universities in central Europe, continental Europe, are state universities. Even the idea that a university could be a private institution is foreign to most of these countries. And the universities are operated by the
Interesting article by Dr William Coleman on the “anti-economics” movement. C oleman says, among other things: “I want to put the possibility — not the likelihood, but the genuine possibility — that anti-economics could succeed. I want to put the possibility that economics — real economics — might die. Why do I say this? Because real economics has
Today, LibertyGuys criticizes the YMCA : When a local YMCA decides to build a state-of-the-art fitness center in affluent communities instead of providing programs for underserved individuals and families, the organization is deserting the very elements of the entire community that it is legally bound to serve. When the federal government, in
A mini-debate has ensued, starting with Michael Mandel weighing in on the chief methodological problem with game theory — its presupposition of the adoption of perfectly mutually-adjusted strategies by actors. Tyler Cowen ignores this critique by taking the somewhat dialectical position of saying that if it improves our ability to think through
Having got back from the Mises Circle event in Houston just a couple of hours ago, I give you my brief report. I’d guess the crowd was around 150 strong. The atmosphere was great, and the food was yummy. Lew spoke on 5 paradigms or justifications for government. Very nice. I recommend listening to the MP3 once it’s posted. In the Q&A that
Today, Eamonn Butler on the Adam Smith Institute Blog says , in case of recession, “flood the markets with cheap credit until everyone has the confidence to stop selling and start buying”. He characterizes this position as the hard-won historico-economic insights of Friedman, and, strangely, claims that it stands in stark opposition to Keynesian
Gary North today defends limited liability with this core claim: “you cannot logically deny the legitimacy of enslavement for debt without becoming a defender of limited liability”. I disagree. There is a middle ground between these two extremes: liquidation of assets of the debtor and partial payment, with the recognition of further debt due.
A relatively new product, GloTell , is now available to farmers and chemical plants, whose anhydrous ammonia tanks are sometimes raided by theives. The clear liquid product is added in small quantities to an anhydrous ammonia tank. Upon exposure to air, the product turns bright pink, and stains anything it touches for days, being visible under
The husband of an acquaintance has been sentenced to 18 months in federal prison on a guily plea of importing endangered orchid species. Although this has been unfolding for months, I just found out last night. The whole affair was very well summarized by the pollenatrix back in a March entry . My heart goes out to George and his wife Kathy, the
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.