Why It’s Important to “Preach to the Converted”

An an editor of publications with a distinct ideological bent, I sometimes hear that it’s important to strive to avoid “preaching to the choir” or “preaching to the converted.”

It’s difficult to generalize what is meant when this phrase is used. Some users of the phrase think it’s a waste of time for any group to discuss important topics among the members. Why discuss laissez-faire economics (or any topic) with other people who already agree?

Review of Globalists: The End of Empire and the Birth of Neoliberalism


Globalists: The End of Empire and the Birth of Neoliberalism
Quinn Slobodian
Cambridge: Harvard University Press, 2018, X + 381 pp.

David Gordon (dgordon@mises.com) is a Senior Fellow at the Ludwig von Mises Institute.

Quarterly Journal of Austrian Economics 21, no. 3 (Fall 2018) full issue, click here.

Quinn Slobodian, a historian at Wellesley College, tells us that Globalists

The Price Determined by the Cost and Costs Determined by Prices: A Reply to Israel

Mateusz Machaj (mateusz.machaj@uwr.edu.pl) is research fellow at the Faculty of Social and Economic Studies, Jan Evangelista Purkyne University in Usti nad Labem; and assistant professor at the Institute of Economic Sciences, the University of Wroclaw.

Quarterly Journal of Austrian Economics 21, no. 3 (Fall 2018) full issue, click here.

The Division of Labor Is at the Very Core of Economic Growth

[From Chapter 6, “The Realm of Entrepreneurship in the Market: Capital Theory, Production, and Change” in The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno.]   Modern economic theory tends to treat production, the process of generating valued consumption in a market, as a function carried out within firms and so out of reach for the general market (Coase 1937).

Crony Capitalism in Scientific Research

My wife and I read a quirky newsletter you won’t find online called the Belly of the Beast. It is the source of this startling but then again not surprising information: Academic researchers publish 2-3 million papers a year, most of it funded by governments. Most of the results of the this research are published in copyright protected journals owned by private companies, especially the giant German company Elsevier, companies that together are thought to earn over $25 billion.