The story of the Austrian School begins in the fifteenth century, when the followers of Thomas Aquinas, writing and teaching at the University of Salamanca in Spain, sought to explain the full range of human action and social organization. This album reviews a photographic timeline of Austrian Economists from the beginning to the
One year before the Nazi takeover of Austria, and after Mises had already accepted a research position in Geneva, a remarkable book began to circulate in what remained of Vienna’s intellectual circles. It was Die Lehre von der Wirtschaft , The Economics of the Free Society by Wilhelm Röpke. If the Austrian economists had a textbook on economic
The Free Market 16, no. 2 (February 1998) In recent months, we have been inundated with a pro-Teddy Roosevelt barrage from PBS to the Weekly Standard . He was, writes David Brooks, “a distinctly American kind that married nationalism to individualism.” His bust adorns the desks of Bill Clinton, Newt Gingrich, Bob Dole. His profile is carved into
The Free Market 16, no. 12 (December 1998) The phrase of the day is “moral hazard.” It’s something everyone seems to think is a bad thing, but few are willing to do anything about, certainly not Alan Greenspan. So far, he’s on record backing the Mexican bailout, the Asian bailout, the bailout of Long-Term Capital Management, and more IMF
Socialism of the Heart Mises Review 4, No. 3 (Fall 1998) LETTERS OF SIDNEY HOOK Edward S. Shapiro, Ed. M.E. Sharpe, 1995, xviii + 397 pgs. To neoconservatives and even to some libertarians, Sidney Hook is a hero. As a young man, he achieved fame as the leading American expert on the philosophy of Karl Marx. But he soon broke with the Communists
The Roosevelt Myth by John T. Flynn is the best book ever written on the New Deal, the drive to war, and the terrible consequences of the FDR presidency. A new edition of the book, with a brilliant introduction by Ralph Raico, is now available for $25 (hardback) on mises.org. See The Roosevelt Myth The Investors Business Daily (Dec 3, 1998) ran
This was the keynote address at the Ludwig von Mises Institute’s new building dedication and conference on the great Austrian economists, June 5-6, 1998, in Auburn, Alabama. * * * * We come together at a crucial time in the history of the Mises Institute and the history of liberty. This weekend, we dedicate a new home, which we see as a new
Chronicles December 1998 Polemics & Exchanges Freedom and School Vouchers Milton Friedman: Lew Rockwell (”Flies in the Ointment,” September) and I have the same ultimate objective: “an educational market in which parents are responsible for paying for their own children’s education.” We agree also on “the twin evils of public education:
The August 17, 1998 issue of Fortune features a paean to John Maynard Keynes by Paul Krugman entitled “Why Aren’t We All Keynesians Yet?” Here is my response: Paul Krugman’s column of August 17, 1998, “Why Aren’t We All Keynesians Yet?” is silly and discouraging. Under the general heading “No Free Lunch,” Krugman celebrates the 20th century’s
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.