labor costs. Far from being a scourge to be feared, China’s emergence as global economic power bodes well for consumers and producers all over the world through the Sept. 2002 to Sept. 2003, China’s imports increased by 41%, outstripping export growth of 32%. Overlooked by the mercantilists on Pennsylvania Avenue, America’s
The new issue of the Quarterly Journal of Austrian Economics (Summer 1998), the flagship scholarly journal of the Mises Institute, Impossibility of Socialist Economy” by Morgan O. Reynolds “Entrepreneurship and EconomicGrowth“ by Randall G. Holcombe “A Geographical Perspective on Austrian Economics“ by
Quarterly Journal of Austrian Economics 18, no. 3 (Fall 2015) It wouldn’t be a stretch to compare patent trolls to to innovate back to the forefront for U.S. businesses, a key component for economicgrowth. Kline, Audrey D., “Review of Patent Trolls: Predatory Litigation and the
(PPPs) has to do with his support of entrepreneurship in an attempt to “spur job growth.” I would like to show why this is not only a particularly bad idea but also a incubators are funded by government or government-funded institutions (e.g., economic development organizations, universities), while only 4% are for profit . Of
honest examination of the treaty finds that Nafta liberalizes trade and generates economicgrowth in all participating countries.” If we don’t pass Nafta, wrote Delal Baer of
debate on the fate of Microsoft has managed (once again) to cause division in the economics profession, even among those who call themselves free-market economists. On assault upon private property. Antitrust laws operate in the same way that the economic laws of fascist Italy and Germany worked during the 1930s: they allow for a customers, what Mises called “consumer sovereignty.” Therefore, Austrians see the growth of John D. Rockefeller’s Standard Oil Company as being the result of the
Alexander Hamilton, advocated for a strong federal government that promoted economicgrowth through monopolies manufacturing machinery in the northeast, especially for
Quarterly Journal of Austrian Economics, Volume 5, No. 3 (Fall 2002) [ This is a translation from German of F.A. completely useless and uninteresting. If anyone actually knew everything that economic theory designated as “data,” competition would indeed be a highly wasteful without destroying the foundations of the market order. Not only continuous growth, but under certain circumstances even the preservation of the average income
board Ninety-five years after Ludwig von Mises published his indispensable essay Economic Calculation in the Socialist Commonwealth , it is as critical to stand up to George Akerlof, Meet Oliver Williamson by Peter Klein Angus Deaton and Modern Economics by Peter Klein The Mistake of Only Comparing US Murder Rates to “Developed” on Economic Ignorance by Matt McCaffrey True Money Supply: August Money Supply Growth Remains Way Down from 2012 Levels by Ryan McMaken Donald’s Remarks on the
in major world capitals ... To be sure, there exists in principle a quite simple economic mechanism that should restore equilibrium to the process: the mechanism of to him, if r > g (i.e., if the rate of return on capital is superior to economicgrowth) there will be an “endless inegalitarian spiral.” If Piketty had read Austrian
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.