The committee to select the winners of the Nobel prize in economics almost always prefer interventionists to laissez-faire economists. The first year was no exception.
In this excerpt from his brilliant Mises: The Last Knight of Liberalism, Guido Hülsmann illustrates how Carl Menger's experience as a financial journalist led to his developing the revolutionary foundations of the Austrian school of economics.
In a superb talk given on February 27, 1984, at an early Mises Institute event in New York City, Margit von Mises discusses the process by which she came to write the memoir of her late husband, as well as his impact on the world.
Mises had diagnosed these problems long before they became apparent. In a series of essays written between the two World Wars—but also in Omnipotent Government published in 1944—, Mises showed that in a world where governments interfere in their domestic markets, and...
