From the Quarterly Journal of Austrian Economics 21, no. 2 (Summer 2018). In a core chapter in their book, Unequal Gains: American Growth and Inequality since 1700 (Princeton University Press, 2016), Peter H. Leveling of All Time,” circa 1910 to 1970. In this chapter, the two prominent economic historians explore the reasons why “virtually every industrialized country
Austrians gathered at the Southern Economic Association’s annual convention in Atlanta recently. In attendance were and even graduates of the Mises University. I organized a session called “Mundane Economics.” The idea behind the session was to use the ordinary tools of economics “conventional wisdom.” Peter Klein’s paper “Universities as Generators of EconomicGrowth“ examined the conventional wisdom and the growing boom in business and
The Royal Academy made a clear political statement with this year’s Nobel Prize in economics. Coming a day after the United Nations panel on climate change issued its attempts to emphasize the long term impact of climate change on the economy and economicgrowth. In Mr. Nordhaus case, he emphasizes how climate change has a significant
Hence, we need to understand the crisis and the correct solution in order to avoid economic disaster. Laissez-Faire The correct policy to address the economic crisis is “leave us alone.” There are many policies that enhance economic recovery and growth, but this standalone cure for the cycle crisis simply requires a
From the Library of Law and Liberty: What if a profound economic downturn occurred and the federal government basically ignored it? Couldn’t depression that righted itself by late 1921, setting the stage for the economicgrowth of the 1920s . Grant details for us that we once took a different path in
No. 4 (Winter 2013) ABSTRACT : Richard Cantillon is credited with the discovery of economic theory and was the first to fully consider the critical role of While most scholars recognize that entrepreneurship is the driver of economicgrowth and progress (Bosma, Wennekers & Amorós, 2011), Holcombe (2007) points out
humans become healthier and the rate of death decreases. Sustained long-term economicgrowth, of course, is good for human health and life expectancy. Americans today are
of Americans (and 65 percent of Democrats) hold a favorable view of the political economic ideology. Upward trends in the popularity of political economic ideologies notion that the Austrian school of economics has been a beneficiary of the recent growth in the favorability of socialism in US politics. This assertion is based on
Peter H. Lindert and Jeffrey G. Williamson, in their book Unequal Gains: American Growth and Inequality since 1700 (Princeton University Press, 2016), explore the misconceptions from Malthus and the Classical economists. KEYWORDS: inequality, economicgrowth, Piketty, Malthus JEL CLASSIFICATION: B12, N11, N12, O15 Dr. Mark
Abstract : Murray Rothbard wrote an unpublished note in the early 1960s on the economics of antebellum slavery. Essentially, it was a criticism of the methodology of the New Economic History, or cliometrics, of which Conrad and Meyer (1958a) was the
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.