Schumpeter’s Review of Frank A. Fetter’s Principles of Economics
Translator’s Note:
This review of Frank Fetter’s textbook by Joseph A. Schumpeter was brought to my attention by Dr. Matthew McCaffrey of the University of Manchester, who suggested a translation. It was originally published in German in volume 17 of the leading Austrian journal in economics in the early 20th century: Zeitschrift für Volkswirtschaft, Sozialpolitik und Verwaltung (Journal of Economics, Social Policy and Administration).
The Key Word in “Democratic Socialism” is “Socialism”
The recent New York Democratic primary upset in which self-described “democratic socialist” Alexandria Ocasio-Cortez, age 28, defeated the high-ranking Congressman Joe Crowley is another example of socialism being pushed front-and-center into modern American politics. As usual, the pundits have it wrong when trying to explain what one means by “democratic socialism.”
The Progressive Era
The Progressive Era
Murray N. Rothbard
Edited by Patrick Newman
Auburn, AL: Mises Institute, 2017, 600 pp.
Review: How Economics Professors Can Stop Failing Us
How Economics Professors Can Stop Failing Us
Steven Payson
Lanham, MD: Lexington Books, 2017, xiii + 372 pp.
JRR Tolkien on the Danger of Centralized Political Power
At the recent Mises University, Jeff Deist and Ryan McMaken recorded a live edition of Mises Weekends focused on radical decentralization and addressing some of the points raised against it.
No, We Haven’t Drained the Earth’s Resources
According to the Global Footprint Network, humans have already used a year’s worth of Earth’s resources in 2018. “Earth Overshoot Day” has crept up the calendar from December 29th in 1970 to August 1st in 2018.
Italy’s Central Bank Admits Wealth Redistribution Leads to Corruption
The EU’s Common Agricultural Policy (CAP), the farm subsidies which currently account for 39 percent of the EU budget (and accounted for almost 70 percent in the past), has been subject to much criticism over the years — and rightfully so.
British Left Unveils Plan to “Weaponize” the Bank of England
An audio version of this article is available here.
40 Years of Pummeling the Postal Service
Today is the 40th anniversary of the publication of my first attack on the Postal Service. “Time to Stamp Out the Postal Monopoly” was the lead article on the Boston Globe oped page . A dozen years later, the chief postmaster of Boston denounced me as “the nation’s number one postal basher.”
