Human history can be viewed from many angles. One of them is to see it as a struggle for power and domination, as a struggle for freedom and against oppression, as a struggle of good against evil.
That is how Karl Marx (1818–83) saw it, and Ludwig von Mises (1881–1973) judged similarly. Mises wrote:
Uskali Mäki is one of the leading philosophers of economics of the past half century; moreover, he is well versed in Austrian economics, though not an adherent of the school. In this week’s column, I’d like to consider some issues he raises in his paper “Scientific Realism and Austrian Explanation” (Review of Political Economy, 1990).
As Angela Merkel prepares her exit from the chancellery in Berlin, a false alarm is ringing in Europe about an imminent danger of “stagflation.” This phenomenon, like dragons, belongs to mythology rather than real historical or present circumstances.
The noise will prevent any faint alarm being heard about the true danger of post-Merkel monetary deluge in Europe—a French and Italian debt crisis culminating in euro collapse.
In its June edition, Cato Unbound published a feature discussing the pros and cons of constitutional monarchies. Quite surprisingly, mainstream academics are expressing a renewed interest in studying monarchies. Originally, arguing for the utility of monarchies was the reserve of libertarian intellectuals like Hans-Hermann Hoppe and Erik Kuehnelt von Leddhin. Nevertheless, during the past ten years, we have been fed a welter of empirical studies articulating the superiority of constitutional monarchies relative to democracies.
