We have to make a fundamental choice: we can either engage in the social division of labor and contribute to our own and society's overall prosperity, or turn our backs on civilization and live the nasty, brutish, and short life that awaits.
My journey away from neoclassical epistemology began with my reading of works by F.A. Hayek.
Mises and Hayek are widely considered the most eminent liberal thinkers of the twentieth century. But, there are differences in their two legacies.
While "cash for clunkers" accelerated consumption in the month of August, it left a gap in demand following the program's demise.
It's important to spell out exactly why she's wrong, because her viewpoint is gaining traction among the progressive Left.
The Chinese economic miracle is nothing but a redder version of Keynesianism.
Mises missed no opportunity, in private as well as in public, to proclaim his abhorrence of all forms of state intervention.
The period between 1873 and 1894 remains one of the most misunderstood and debated in all of American economic history. To some, this era represents the greatest phase of industrial growth in the country's history.
People are fundamentally the same in government as in private life.
Perhaps no person in the history of economics has inspired such
strong opinions, both for and against, as John Law. Some view Law
as a genius. To others he is considered a madman and swindler. In
many ways, he was all of these things
