As reported in The New York Times [link requires registration] an emerging and relatively novel school of economic theorists is now making a pitch for more government regulation of the economy. In particular, Professors David Laibson of Harvard University and Sendhil Mullainathan of MIT are making some waves with their idea that economic
The Free Market 16, no. 5 (May 1998) For years I received the Publisher’s Clearing House Sweepstakes mailing and just tossed it. No way would I waste my time for what amounts to a minuscule chance to win a bundle of dough. Sure, some folks win, but they are extremely few. The gimmicks were too obvious. (”When you win, do you want a red, green,
In a recent article critical of Robert Nozick’s book Anarchy, State, and Utopia , Samuel Scheffler argues that it is possible to give greater than libertarian scope to natural rights so that, contrary to Nozick’s conclusions, non-voluntary redistribution of income would be morally justified. Volume 2, Number 3 (1978) Machan, Tibor R. “Against
Paul Krugman, prominent economic columnist of The New York Times and professor of Economics and International Affairs at Princeton University, tells us that: “The conventional wisdom is that California has only itself to blame for its power crisis, that the debacle was the result of ‘flawed deregulation.’ This conventional wisdom has become
Do you remember when America was called the leader of the Free World? It seems like so long ago. Now the USA is the leader of the protectionist world, the very opposite of free, at least where international commerce is concerned. This is the unavoidable conclusion of having closely watched the role of the UN World Summit 2002 , held in
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.