frase de Ralph Waldo Emerson? En A Poverty of Reason: Sustainable Development and EconomicGrowth (2002), el economista Wilfred Beckerman hizo algunos comentarios perspicaces
Eric Posner and Gen Weyl claim that economics has become too timid. Posner is an influential law professor at Chicago, The struggle for laissez-faire, though never fully completed, led to unprecedented economicgrowth and prosperity. Posner and Weyl ignore this. Instead, their notion of “vision”
Ralph Waldo Emerson’s phrase? In A Poverty of Reason: Sustainable Development and EconomicGrowth (2002), the economist Wilfred Beckerman had some insightful comments on this
a distinguished logician and the book contains an interesting account of Marxist economics. In this week’s column, I’ll discuss one of Priest’s main arguments. I mistaken. He contends that in a capitalist economy, there is a constant pursuit of growth by the owners of capital, driven by competition with other owners. Competition would keep going until a crisis was reached. What this overlooks is that the growth of capital responds to the time preference of consumers. If the consumers do
of solidarity, cohesion, trust, and shared purpose” (p. 109). Buskirk argues that economicgrowth is central to this national sense of purpose but that this has now fallen off.
North has died: Mr North’s work tended to focus on the biggest questions in economics, namely, how it is that some countries in some places became rich while poor. His research came to emphasise the role of institutions in shaping long-run economic outcomes. While the fact that institutions might matter in some ways was not of thought. Murray Rothbard reviewed an early work by Douglass North, The EconomicGrowth of the United States, 1790-1860 . He rejected North’s approach to history,
Close of His System demolished the labor theory of value, the linchpin of Marxist economics. But the labor theory is but one part of Marxism: what about the remainder do not stem from the search for objective truth. Like all “ideological” thought, economic, social, and political theories reflect class interest. Mises, more lethal to the alleged “science of historical materialism.” As just explained, growth of the forces of production is supposed to explain all else of importance. But
The well-known libertarian economic journalist Robert Wenzel has written a post that would have delighted Murray should aim at price stability rather than more ambitious goals such as economicgrowth; and in doing so, it should follow a policy of fixed rules. “Cato senior
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.