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,
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
out that it was better than capitalism at satisfying people’s ends, encouraging economicgrowth, etc.? What about Rothbard? Dr. David Gordon: In Mises’s view, socialist
price and wage controls. The book showed how attempts to control prices led to economic disaster. Faced with an abundance of incontrovertible evidence that unemployment. “According to [William] Phillips and his fellow Keynesians, vigorous growth corresponded to price increases, while lower inflation correlated with higher
legal choices that are inalienable and exist a priori to any political or economic system, and for the exercise of which one does not need government approval. since George Washington. Those governments have all reflected the inevitable growth of the power of government and the shrinkage of personal freedoms.” Why has
legal choices that are inalienable and exist a priori to any political or economic system, and for the exercise of which one does not need government since George Washington. Those governments have all reflected the inevitable growth of the power of government and the shrinkage of personal freedoms.” Why has
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.