This week 84 years ago just 35 days after the stock market crash of 1929, the 400 room Baker Hotel opened at Mineral Wells in Palo Pinto County, Texas. The fourteen-story Baker Hotel was the first skyscraper built outside a metropolitan area. The hotel was only profitable during wars (there was a military base nearby) and during political conventions held at the hotel.
Associated Scholar Per Bylund writes:
In this episode of the Mises Academy Podcast, Tom Woods interviews Danny Sanchez, Director of Mises Academy, who explains Ludwig von Mises’ approach to economics. Here it is in Youtube format:
Today is the 240th anniversary of the act of civil disobedience against taxation, corporatism, and colonialism known as the Boston Tea Party. The economics of the situation that precipitated the event were quite complex, however, and about more than a simple tax increase on tea. As noted here by Edmond Bradley, a monopoly over the tea trade had been granted to favored corporate interests by the British Crown, which made the price of tea artificially high to begin with.
I just came across a new book, Economic Thinkers: A Biographical Encyclopedia, edited by David Dieterle. I was suspicious when I saw Bernanke and Greenspan on the book cover, but the book covers a wide range of economists in terms of time and philosophical outlook. Each of the entries is meant to provide an introduction to the “economic thinkers” for the general reader.
Guest Post: After 100 Years Of Failure, It’s Time To End The Fed! by Ron Paul
Lew Rockwell’s article, “The Libertarian Paradox“ is now in German, translated by the good people at Ludwig von Mises Institut Deutschland.
Now available on Amazon is the Encyclopedia of Modern Political Thought from Sage Publications. Sage was nice enough to ask me to write the section on conservatism in the encyclopedia. The type of conservatism discussed is primarily the global conservative tradition of Burke, Maistre, Metternich, and Pius IX, with some references to the American conservative movement, and to its critics including Ronald Hamowy, Rothbard, Mises, Erik von Kuehnelt-Leddihn, among others.
Mike Konczal objects to the typical sequence of a first-year economics curriculum: a semester of microeconomics, studying individuals, firms, and markets, followed by a semester of macroeconomics, looking at the economy as a whole.
