Under socialism, government builders must fulfill the central plan or else. Quality, which can't be bureaucratically quantified, means nothing; in fact, it is an impediment to turning out the ordered amount of production with the least amount of effort. The result is incredibly flimsy buildings.
A satirical one-act play by Murray N. Rothbard about Ayn Rand's Objectivist "inner circle."
Mises explains why socialism always fails due to the absence of a free market pricing structure for capital goods.
The private seminars that Mises held, and which were so successful in Vienna beginning in 1919, were actually separate from the University. Mises here remembers many of his seminar participants, like Hayek, Haberler, Schütz, and Machlup. He was glad to have contributed to the development of international cooperation among so many economists.
Mises University is the world’s leading instructional program in the Austrian school of economics.
Rothbard’s sharp mini-biography of John Maynard Keynes uses modern scholarship to expose the man behind the myth—his networks, maneuvering, and shi
Mises University is the world’s leading instructional program in the Austrian school of economics.
Mises University is the world’s leading instructional program in the Austrian school of economics.
