Articles of Interest

Ludwig von Mises (29 Sept. 1881-10 Oct.

Biography of Fritz Machlup (Dec. 15, 1902–Jan. 30, 1983), by Mark Thornton.

“The theory of capital lacks a simple dimension for the measurement of its subject matter.

Gottfried Haberler was one of the first economists to make a case for the productivity of free trade in terms of the modern subjective theory of value.

Claude Frederic Bastiat was a French economist, legislator, and writer who championed private property, free markets, and limited government. Perhaps the main underlying theme of Bastiat's writings was that the free market was inherently a source of "economic harmony" among individuals, as long as government was restricted to the function of protecting the lives, liberties, and property of citizens from theft or aggression. To Bastiat, governmental coercion was only legitimate if it served "to guarantee security of person, liberty, and property rights, to cause justice to reign over all."

The present glut in the money markets, with excessively cheap money and its attendant evils and dangers to the credit structure of the country, is due to the concurrence of three main causes.

Murray N. Rothbard Myth and Truth about Libertarianism Adobe PDF Library 4.0

From The Quarterly Journal of Economics, Volume 50, Number 2 (February 1936).

From Economica, No. 33 (August 1931) and No. 35 (February 1932).

From The Review of Economic Statistics, Volume 19, Number 4 (November 1937).