Mises Daily

Even though Scorsese may share the left-wing political opinions typical of Hollywood, writes Paul Cantor, The Aviator in many respects celebrates the spirit of free enterprise and, more generally, embodies a kind of libertarian philosophy. One may profitably interpret the film in terms of concepts derived from classic defenders of the free market such as Adam Smith and also draw on the work of the Austrian school of economics, one of whose chief representatives is Ludwig von Mises. The emphasis in Austrian economics on the special role of the entrepreneur and his ability to deal with the risk and uncertainty endemic to economic life makes it particularly relevant to understanding The Aviator.

This process is self-selective: the respondents are those who themselves choose to take the time to write a submission, attend a forum, or otherwise make their views heard.

I recommend the book to anyone who wants an analysis of current economic trends from an Austrian viewpoint along with some appropriate investment ideas; it is one of the best examples of sound economic writing among investment books.

The owner of capital does not choose between more risky, less risky, and safe investments. He is forced, by the very operation of the market economy, to invest his funds in such a way as to supply the most urgent needs of the consumers to the best possible extent.

The world would be a much safer place if Giuliani and those other eight "bomb Iran" candidates were behind bars, and police stopped harassing Paris Hilton and her girlfriends in Hollywood.

Having read the above, you are now in a tiny elite of people who know anything about the greatest death camp in the history of the world that China became between 1949 and 1976, an experiment in total control unlike anything else in history.

Baron Rothschild advised that one "should invest when there is blood in the streets."

As Quigley aptly notes, military force is supposed to be the last resort in a crisis, not the first.

Without property rights in hunting, there is no way (and no incentive) for anyone to prevent such short-term, predatory behavior. That's why Indian tribes assigned these exclusive rights — it was the best way to preserve animal species and provide for the future.

There cannot be such a thing as an organizational model for high returns because organizing a firm is an exercise of entrepreneurship. While there can be platform companies, there is no such thing as a platform model, nor a platform company economy.