one may find their analysis of the implications of libertarian theory, what if the policy that they recommend leads to economic disaster? Without patents, would not this view consists of two parts. First, even if patents and copyrights encourage innovation, they produce so many bad effects that, on balance, these measures have
challenge: Unlike routine managerial work, the task of a CEO often involves bold innovation. If the steps necessary to turn a particular company around and earn could compensate losers. But why should this sort of efficiency be the test of policy? To this Murphy could answer that those who demand restrictions on capital
points, the books offer valuable criticisms of licensing and other interventionist policies. Funkenstein, Amos. Theology and the Scientific Imagination. Vital for the Hazlitt, Henry. Economics in One Lesson. The lesson, not at all easy for policy makers to learn, is that interference with the free market has indirect gave a penetrating defense of the “concurrent majority” as a limit to political innovation. Yeager, Leland. Ethics as Social Science. A major defense of rule
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.