Bureaucratization
The progressing bureaucratization of big business is by no means the result of a tendency inherent in the development of the capitalist economy.
Malinvestment in Malinvestments
Ben Bernanke is starting to get his way. Matt Wirz writes for The Wall Street Journal that companies with junk credit ratings are bellying up to the debt trough like no other time in history. The first quarter of 2012 will go down as the most active for junk bond issuance since 1980 when Thomson Reuters began keeping track, with 130 companies floating $75 billion in debt offerings.
Austrian Economics, Laissez-Faire, and Consumer Primacy
In the first chapter of Classical Liberalism and the Austrian School, Ralph Raico considers the connection between Austrian economics and laissez-faire. For the most part, the early Austrian economists Menger and Bohm-Bawerk, stuck to pure theory, and did not venture much into advocacy. Just how liberal they were is a fascinating question that Raico probes thoroughly.
Congratulations Dr Kraus !
Wladimir Kraus, a former Rowley Fellow at the Mises Institute, successfully defended his doctoral dissertation “Essays on Reisman’s Net Consumption Theory of Profit and Interest” yesterday at the University of Aix-Marseille in southern France.
Market Order in War-Torn Iraq
Free-market solutions have blossomed in spite of being in the heart of a country ravaged by economic sanctions and all but total war.
Learn about the Classical Economists
David Gordon will be teaching a 6-week online course at the Mises Academy on volume 2 of An Austrian Perspective on the History of Economic Thought.
The Worst of All Monetary Policies
Combining the balance sheets of commercial banks and the Fed provides insight into the expansion of the monetary sector as a whole.
The Failure of Subsidized Production in the Massachusetts Theocracy
Debt-relief legislation has plagued America since 1640.
Mercantilism, Merchants, and “Class Conflict”
[This article is excerpted from Conceived in Liberty (1975), volume 1, chapter 32: “Mercantilism, Merchants, and ‘Class Conflict.’”]
Price Fixing in the Massachusetts Theocracy
From the first, the Massachusetts oligarchy imposed maximum-wage controls, thereby aggravating a shortage of labor. Slavery filled the gap.
