Salute to Von Mises: For 92 Years He Has Fought the Good Fight
Thanks to Mises, we now understand that the only way that socialists can solve the problem of resource allocation is by adopting capitalism.
Thanks to Mises, we now understand that the only way that socialists can solve the problem of resource allocation is by adopting capitalism.
Specialization and foreign trade are good things, even if one party to the transaction could produce everything better and cheaper than the other.
It seems to be universal that elected officials are seduced by the fantasy thesis that election to public office endows the official with both power and wisdom.
In an atmosphere of free inquiry and of freedom of the individual to enjoy the fruits of his labor, science here flourished. Elsewhere in the world, it has suffered serious set-backs.
To celebrate Hayek's birthday here is "A tribute to F.A. Hayek" by Ludwig von Mises, May 24, 1962.