2 (1978) Andrew Jackson’s war upon the Second Bank of the United States and the economic consequences stemming from it badly need a new historical interpretation. pointed by Leonard D. White, has emphasiz.ed the role of the Bank war in the growth of Presidential power, considering that a positive good regardless of how it
(1801–1850) makes perhaps the most important, if easily neglected, point in all of economics: to understand the economy properly we must consider not merely the the foregone purchase of shoes and conclude that destruction can actually confer economic benefit, or stimulus. From the point of view of the shopkeeper himself, of “Industrial productivity,” he wrote, the foundation of every nation’s economicgrowth, is eroded by the relentlessly predatory effects of the military economy. ...
In reviewing the contributions of Adam Smith to the growth of economics Hans Brems writes that “[m]uch of what Smith had to say had been said clear statement of a point of view that appears to circulate through much of the economics profession. Adam Smith, it would appear, borrowed much without
needs, and power generators, to provide the electricity needed for comfort and economic activities. Where feasible, especially within their local communities, in the Sub-Saharan African region, Nigeria is struggling to translate the growth into quick poverty reduction.” The report gave three causes for this
movements) as relying on state violence against private property and harming economic prosperity. All collectivist social utopias will end in a disaster features of the administrativecommand system — equality, job rights, managed growth — may conclude that the system itself was sound. In this view, its managers,
case allow. Under these conditions, migratory flows, far from being harmful to economic and social development, become a driving force for civilization. The allows the continual discovery and exploitation of new opportunities, and thus a growth without limit in the standard of living. The human mind has a limited capacity
be separated from what we might now consider the separate specializations of economics, history and political theory. This is the nature of the times as well as economy, and he wrote his chief work, La Liberté du travail as a history of the growth of liberty in civilization, which to Dunoyer meant the history of civilization examining their view of history, their political ideas and most importantly their economic thought. In fact, the main thesis of this paper is that a cogent, cohesive
Volume 7, Number 2 (1985) Since I admittedly know more about Austrian economic theory than about Richard Cantillon, I would like to focus my comments on of the time. But if the world is in general equilibrium, how do business cycles or growth and development emerge? Schumpeter’s Theory of Economic Development was a
must grow out of this soil of free trading.” As he explains the need to permit the growth of trade, he continually has to remark upon the unheard-of novelty of the wolves will be exterminated. It is often claimed that the retreat to the “New Economic Policy” (NEP) was necessary because the socialist revolution in the West
history of modern libertarianism. It provides some historical perspective on the growth of libertarianism and its impact on society, especially for those who were and the importance of the Austrian view that society changes via emphasis on sound economic science, its practicality, and its subsequent impact on ideology. Finally,
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.