Up From Statism Mises Review 2, No. 3 (Fall 1996) Making Economic Sense Murray N. Rothbard Ludwig von Mises Institute, 1995, 439 pgs. Murray of the so-called Pareto criterion, taken as the sum and substance of welfare economics, in a comment on a proposal for population control: “A grotesque example of who wanted to trade hers in. “If we start from the original ZPG [Zero Population Growth] plan,” Rothbard comments, “and we introduce the Boulding plan, wouldn’t
that capital by reducing taxes on income and investments is a sure path to economicgrowth. So far, the supply-siders are correct, and a big improvement on
rolled back. By diminishing the size and scope of government, they have halted the growth of their public debt, accelerated their economicgrowth, and restored hope for a better future. Since the mid-1970s the
have in large part survived. Perhaps further diversity would promote cultural growth, rather than stunt it. The point has been very well handled by Clyde Wilson, lucky, but there is no reason to gamble that the luck will hold forever. The economic, political, military, and moral problems we face are not like those of the
Company, 1996, vii + 152 pgs. John Kenneth Galbraith has been writing about economics for over fifty years, with considerable elegance but with little grasp of competition and also to explosive technological change. Todays eminence and economic influence are tomorrows obsolescence” (p. 16). Galbraith also rejects the the problems of poverty and unemployment can be solved only through economicgrowth. This depends, in elementary Keynesian fashion, on maintaining aggregate
season. Early in Clinton’s term, Greenspan allowed Clinton to take credit for the economic recovery of late 1992. Then Greenspan rested on his laurels, and played a its reactionary attachment to Keynesian theory, said Greenspan was convinced that growth was not strong enough to start inflation. These excuses merely cover the fact
“we” can’t “afford.” It would cause “distortions” in the market and wouldn’t help economicgrowth. Economists who serve as the government’s intellectual shocktroops don’t want
in the business cycle, meanwhile missing the single most ominous trend in American economic life. The resulting sense of fear and insecurity that our long-term decline on the availability of technology (computers, cash machines, etc.) and the growth in consumption spending. But technology alone doesn’t equate to prosperity.
over its subjects. People “divert attention, energy, and resources from productive economic activities to concern with the outcome of political and administrative years ago; and most foreign aid recipients have experienced no economicgrowth at all for years. Even the New York Times , normally a supporter of the
Randall Holcombe identifies a paradoxical feature of much public argument about economic issues. Socialism has collapsed. The Workers Paradise is no more, and even theoretically and applies it to a number of key areas, including the environment, growth management and land use, housing and homelessness, health care, and the drug
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.