[Excerpted from the Independent Review (Winter 2010). An MP3 audio file of this article, narrated by Colin Hussey, is available for download .] As the recession has deepened and the financial debacle has passed from one flare-up to another during the past year and a half, commentary on the economy’s troubles has swelled tremendously. Pundits
[ Independent Review (2004)] Many of us who believe that governments continue to grow relentlessly, at least in the economically advanced countries, have been criticized by analysts who claim that in fact the growth of government has petered out or slowed substantially. The latter group perceives us to be needlessly alarmed and faults us for a
[ The Transformation of the American Economy, 1865–1914 ] This book, my first, was composed for the most part in 1969 and 1970 and published in 1971, exactly forty years ago. At that time, I was in my mid-twenties and had just completed my work for the PhD degree in economics at the Johns Hopkins University. At Hopkins, I had been trained
In the 1930s and 1940s, when the modern system of national income and product accounts (NIPA) was being developed, the scope of national product was a hotly debated issue. No issue stirred more debate than the question, Should government product be included in gross product? Simon Kuznets (Nobel laureate in economic sciences, 1971), the most
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.