The 2021 Nobel Prize in Economics has been awarded to Berkeley's David Card, MIT's Josh Angrist, and Stanford's Guido Imbens for their work on "natural experiments," a currently fashionable approach to estimating the causal impact of one economic variable on another.
Although right-wing political operatives latched on to cost-benefit analysis in the name of controlling regulation, the tool has, in many cases, promoted the expansion of state power.
All the teachings and precepts of ethics presuppose the moral autonomy of the individual and therefore appeal to the individual's conscience.
Just as Mises warned, interventionism succeeded where communism failed, successfully toppling governments around the world that never had true respect for property rights.
The Roman Empire crumbled to dust because it lacked the spirit of liberalism and free enterprise.
This is a special virtual seminar for donors to our fall campaign. Jeff Deist and Bob Murphy will discuss Mises's views on interventionism and their continued relevance today.
The public must come to a fuller understanding that without private property there is no liberty; that there is no safe middle of the road; and that we citizens are engaged in a constant struggle with government over how much of our own property, and of the fruits of our own labor, we will be able to keep and benefit from.
Abstract: This article compares the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth.
Millions of Americans have no conception of economics, and simply don’t believe tradeoffs exist.
