1. The Austrian School
Ludwig von Mises (1881–1973) was born on September 29, 1881, in the city of Lemberg (present day Ukraine), then part of the Austro-Hungarian Empire, where his father, Arthur Edler von Mises, a distinguished construction engineer working for the Austrian railroads, was stationed. Growing up in Vienna, Mises entered the University of Vienna at the turn of the century to study for his graduate degree in law and economics. He died October 10, 1973, in New York City.
Europe Is Slowing Down — And It’s Already Painted Into a Corner
Consensus remains euphorically optimistic about the eurozone.
However, the first data of 2018 are worrisome. While consensus expects a strong 2018 for Europe, the advanced data begins to question the optimistic expectations:
New Florida Gun Law Makes Florida Less Safe
On March 9, 2018, Florida Governor Rick Scott signed Marjory Stoneman Douglas High School Public Safety Act into law.
Socialism: The Calculation Problem Is Not the Knowledge Problem
At the Mises Institute’s upcoming Austrian Economics Research Conference (AERC), there will be a panel commemorating the 30th anniversary of the second debate over socialist calculation. This second debate began with Israel Kirzner’s 1988 Review of Austrian Economics article that analyzed the original debate between Mises, Hayek, and the market socialists, in order to draw lessons for modern Austrians.
What Entrepreneurs Can Learn from the Cummins Engine Company
Why do individuals on a weight-loss campaign often loudly announce this fact to social media friends, and how does this curious phenomenon shed light on Columbus, Indiana’s world-class architecture collection?
Augsburg: A Capitalist Hub at the Birth of the Modern
Beautiful Augsburg, city of bronzed doors and glory of the German Renaissance, occupies an unusual and mostly unknown position in the history of capitalism as the ‘birthplace of the modern’ in both in free-market theories and self-made magnates. The gable-roofed imperial city did not seem, at first, destined for such: up through the middle of the high Renaissance it was out-ranked in economic importance by the great Italian city-states; by Vienna and Nuremburg, the Swiss cities of St. Gallen and Berne, to say nothing of the Hanseatic League cities.
Why Understanding Inflation Is So Important
According to Ludwig von Mises,
Politicians Are Rushing to Ink Cronyist Deal with Amazon
The massive tax breaks, privileges, and subsidies being offered to Amazon by state and local governments across North America for their second headquarters (HQ2) has taken crony capitalism to dizzying heights.
Mark Muro, senior fellow at the Brookings Institution said such offers “speak(s) to the urgency in a lot of places to position themselves in the advanced economy. This looks like a fast way to accelerate one’s entry into the industries of the future.”
Rand Paul’s Attacker Should Never Have Been Tried in Federal Court
Rene Boucher, who attacked Rand Paul at his Kentucky home last year, has pled guilty in Federal court:
At first glance, this appears to be as things should be. Given what information is publicly available, it seems clear that Boucher was the aggressor ,and attacked Paul, although Paul posed no threat to Boucher.
