VIDEO: Mark Thornton Explains the Economics of Gun Prohibition
Mark Thornton discusses the unintended consequences of gun control legislation as an illustration of prohibition economics:
Mark Thornton discusses the unintended consequences of gun control legislation as an illustration of prohibition economics:
For those who are unfamiliar with the site, Instituto Mises Hispano makes a selection of Mises Daily articles available in Spanish. For example, there is this one by Mark Thornton: Solo la teoría austriaca puede explicar y exponer auges y burbujas
Here I debate Monetarist Stephen Kirchner at a Mises event in Australia. The debate was scheduled to be on the business cycle. However we also debated Mises’s views, Rothbard’s views, Milton Friedman’s views, The Federal Reserve and much more!
Bill Parker, an old friend of mine who died in 2000, was director of graduate studies in economics at Yale for thirteen years. He told me once about his struggles with his colleagues, who, he believed, were spending too much time on technique and not enough time on substance in teaching their courses.
For students of Austrian Economics in the Spanish-speaking world, Instituto Juan de Mariana has recently posted a sizable number of lectures by Mises Institute Senior Fellow Jesús Huerta de Soto. Here is Lecture 1. The lectures take place over a period of several years. These appear to be full-scale academic lectures delivered in a university setting:
Here is lecture number 25, for example:
October 10th is the 40th anniversary of the death of Ludwig von Mises. He was one of the most notable economists and social philosophers of the twentieth century who created an integrated, deductive science of economics. He based system on the fundamental axiom that human beings act purposely to achieve their desired goals. Mises left a legacy of books and articles that continue to teach and inspire people in a method and science that makes an undeniable case for a society based on freedom and peace.
I awoke to the headline, “Higgs Wins Nobel Prize.” Unfortunately it was not a story about the Nobel Prize in economics going to Robert Higgs, the distinguished economic historian and Senior Fellow of the Mises Institute. I’m certainly happy for Peter Higgs, who today received (with François Englert) the Nobel Prize in physics.
Mainstream economics has a tremendous ability to take any substantive idea and transform it into an ooze of technicalities from which an endless stream of competing theoretical and econometric models may be squeezed indefinitely, or until the researchers’ fancy shifts to a newer sexy issue on which they can lavish their talent for pyrotechnics.