Philosophy and Methodology

It took seven decades, but most people now accept what Ludwig von Mises explained three quarters of a century ago, namely, that centrally directed socialistic economies cannot succeed in coordinating vast numbers of interrelated decisions, in large part because of the information problem arising from non-market forms of resource allocation (Mises 1920). No amount of input-out- put models generated on vast computers can overcome the problems of directing resources under changing conditions of wants and scar-city.

Lecture to the memory of Alfred Nobel, December 11, 1974.

Henry Hazlitt VENTURA Adobe Acrobat 6.0 Paper Capture Plug-in

From Zeitschrift für Nationalökonomie Journal of Economics, Spring 1977.

Étienne de la Boétie's discourse is lucidly and coherently structured around a single axiom, a single percipient insight into the nature not only of tyranny, but implicitly of the State apparatus itself.

What does it mean to say that a person is entitled to own what he has produced? Israel Kirzner answers the question by way of explaining the function of entrepreneurship.

Over on SOLOHQ, there is a discussion

The canons of conservative orthodoxy, writes Adam Martin, overflow with aspersions cast on libertarians on the grounds that they are too individualistic.

Presented at the Mises Institute on 13 July 2005.