Those who own private property in suburbs near Ferguson must hire private security for protection. Malls, shopping centers, and other valuables will be protected with private money. A story linked on Drudge today noted that the wealthy suburb of Clayton includes many private firms turning to private security, but apparently, private firms are being called in throughout the metro area:
[From the Review of Austrian Economics 1, no. 1 (1987).]
The November issue departs from our usual format and takes a look back at 2014 with a special focus on the Mises Institute’s scholars and alumni.
Be sure to check out our interview with Ray Walter, a Mises University Alum who is now working on his PhD in physics and mathematics at the University of Arkansas:
Demand calls forth supply in the world of economic journals as much as in the “real” economic world. The proliferation of new journals since World War II has been a function of the increasing number of Ph.D.s and of the acute exigencies of “publish or perish.” But there is another category of new journals more relevant to this one: periodicals that function as a nucleus and a sounding board for schools of economic thought partially or wholly outside the prevailing neoclassical paradigm.
This interview with Mises Institute President Jeff Deist is reprinted from the October 2014 issue of the Lara-Murphy Report.
Lara-Murphy Report: How did you become interested in Austrian economics?
Season five of the smash hit British period drama, Downton Abby, begins in six weeks. The series continues the fictional story of the aristocratic Crawley family and the family’s friends, relatives and servants set in and around the Downton Abbey estate. The series recounts the day-to-day lives impacted by all the great events of the early twentieth century from the sinking of the Titanic through the aftermath of World War I and beyond.
Canada emerged relative unscathed from the financial crisis of 2008. Indeed, over the last six years growth has been relatively robust and to venture out in Toronto, Calgary or Vancouver right now one would think they were in the midst of the high-flying real-estate booms of the mid-2000s.
The Velvet Revolution, a victory of the people, a victory of the individual, took place on November 17, 1989 when a relatively small group of people in Czechoslovakia put events in motion that could not be stopped. They brought an end to communist rule of their lands, and by the end of the year, a dissident — Vaclav Havel — imprisoned many times by the regime would sit in Prague Castle. At the same time, a beloved reformer — Alexander Dubcek — long ago chased from power by the Soviets, and relegated literally to the backwoods of Bratislava, would be chairman of the federal legislature.
