is best known to the scholarly world for his outstanding study of Adolf Hitler’s economic ideology, now available in English translation as Hitler’s National is that some politicians and economists believe that the country’s impressive growth is the result of a special ‘Chinese way’ with a high degree of state
[ Slouching Towards Utopia: An Economic History of the Twentieth Century by J. Bradford DeLong, Basic Books, 2022 viii + 605 pp.] J. Bradford DeLong, who teaches economics at UC Berkeley and was a protégé of Larry Summer’s dislikes Austrian has a firm sense of the immense power of the free market to achieve economicgrowth. He credits Friedrich Hayek, whom he calls a genius, for the widespread
is a best seller as well, should be a warning to all academics: do not write about economics or the history of modern Europe if you are ignorant of these subjects. to be cautious. It does not encourage confidence when they tell us “Teotihuacan’s growth to urban dimensions began around the year 0.” You might have expected that In these lectures, he developed this argument into an explicit theory of stages of economic development; social evolution, he reasoned, always begins with hunters, then
by deduction from the concept of action and by doing so arrive at the laws of economics. Not so Piketty: for him there are no laws of economics. “There is no sin and must be radically curtailed. He doesn’t deny that capitalism results in economicgrowth and an enhanced standard of living, but the income and wealth of the rich have
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.