The Motor of Leviathan
According to Le Monde, crisis is the “Motor of Capitalism”.
Böhm-Bawerk on Economic Law versus Political Control
With the unfortunate continuing expansion of economic interventionism, if not outright socialism, revisiting the writings of the outstanding Austrian School economist, Eugen von Böhm-Bawerk, is illuminating. In 1914, Böhm-Bawerk published an essay, “Control or Economic Law”, in which he analyzed whether political dictate could invalidate economic law. Of course, as one of the foremost economists of his time, Böhm-Bawerk knew that attempts to annul economic law by political fiat are futile. Below are comments from the beginning of Böhm-Bawerk’s essay:
Hahn’s Masterpiece of Macroeconomics
This book represents the climax of Hahn’s intellectual journey. It is not just an introduction to sound economics, but also an excellent refutation of Keynesian theory — an intermediary step between the basics and more advanced material.
Faculty Spotlight Interview: Jesús Huerta de Soto
Jesús Huerta de Soto, Professor of Political Economy at Rey Juan Carlos University in Madrid, Spain, is Spain’s leading Austrian economist. As an author, translator, publisher, and teacher, he also ranks among the world’s most active ambassadors for classical liberalism. He is the author of a Spanish work on economic calculation and the Austrian method, a treatise on money and banking, the introduction to the new Spanish edition of Human Action, and articles in monetary and history of thought journals in four languages, including The Review of Austrian Economics.
The Story of Foundations of Economics
The seeds of my new book, Foundations of Economics: A Christian View, were sown at the Ludwig von Mises Institute back in the winter of 1999, which was definitely not the winter of our discontent.
What Caused Liberty to Triumph?
Why did millions of individuals in the marketplace of ideas, uncoordinated by any master plan or any manual or instruction booklet, simultaneously embrace classical liberalism and human rights?
The Libertarian Legacy of Rose Wilder Lane
During the ‘30s Rose Wilder Lane became a leading opponent of the New Deal. The “real political question” of the ‘30s, Lane wrote, was “the choice between American individualism and European national socialism.”
Study Business-Cycle Theory Online with an Austrian Economist
Actual financial professionals — people with “real jobs” with real money on the line — are waking up to the fact that the guys on CNBC don’t know what they’re talking about. The Mises Institute to the rescue.
The Meaning of Competition
It is disturbingly easy for arguments originally employed on behalf of the free market to be turned against it. In this article I hope to redeem the concept of competition.
Historic Preservation vs. Private-Property Rights
The abrupt disruption of the market process, in the name of historic preservation, only reinforces the collective nature of American property ownership, minimizes human achievement, and encourages disputes.
