Pete Boettke has an interesting post arguing that Rothbard’s interpretation of Mises’s method although currently more popular is inferior to that of Fritz Machlup, a student of Mises’s in Vienna who later became a prominent member of the U.S. economics profession.Economic inequality is the big thing these days. Barack Obama has called it the “defining challenge of our time” and the number of books being published on the subject could fill a small library. Of particular note is a survey by Michael Norton and Dan Ariely of 5,000 Americans asking what they thought wealth inequality should be compared to what it actually is.
In spite of widespread coverage by the UK Guardian, NBC, and The Atlantic, some readers have suggested that the vote on secession in Venice did not actually happen. So, to clear things up, I contacted Prof. Paolo Bernardini, a friend of the Mises Institute, a local supporter of the vote, and professor of European history at the University of Insubria in Como, Italy. Bernardini writes:
Weldon: [Minsky] sounds like someone not afraid to challenge authority.
Joe Salerno reviews ‘Man, Economy, and State, with Power and Market’ by Murray N. Rothbard. Purchase online.
After flying high for several years, Brazil’s luck is quickly running out. Citing bad economic management and one-off accounting tricks that flattered its public finances, credit rating agency Standard & Poors has downgraded the country’s debt to BBB-, just one step above junk.
Joseph Salerno discusses Minsky with the BBC. Audio here. From the BBC site:
If you haven’t already, be sure to read Ben O’Neill’s series of Mises Daily articles on the NSA.
