Stones into Bread: The Keynesian Miracle
Ludwig von Mises was the great opponent of John Maynard Keynes. In this blistering article, appearing for the first time online, Mises unmasks Keynes as an advocate of the pseudoscience of monetary magic.
Ludwig von Mises was the great opponent of John Maynard Keynes. In this blistering article, appearing for the first time online, Mises unmasks Keynes as an advocate of the pseudoscience of monetary magic.
Murray Rothbard recounts how during the French and Indian War (1754–63), Americans continued the great tradition of trading with the enemy, and even more readily than before.
In 1950, Ludwig von Mises warned against increasing the costs of labor via pension programs and Social Security. This article is online for the first time.
Tibor Machan engages in some conjectural history to imagine how the world might be different had government never intervened to protect the environment but rather left all matters to property owners to sort out.
Here is Murray N. Rothbard's 1968 demolition of trends in conservative thought, as printed in Ramparts magazine.
"Under socialism production is entirely directed by the orders of the central board. The whole nation is an 'industrial army' and each citizen is bound to obey his superior's orders."
The idea of private property not only agrees with our moral intuitions—it is the sole just solution to the problem of social order.
The fact that I could take exception to some of Mises's teaching does not make me an apostate. It should prove, instead, that the great teacher had produced students with open and critical minds.
Böhm-Bawerk’s refutation of the exploitation theory is valuable not merely as a critique of an erroneous doctrine, but also as a lucid exposition of subjective value theory.
If libertarians refuse to hold aloft the banner of the pure principle of the ultimate goal, who will? The answer is no one.