Yves Guyot: Molinari’s Successor

One of the many fascinating footnotes in Dr. Hulsmann’s Mises - Last Knight of Liberalism is this entry: “The uniqueness of Mises’s role was still recognized some twenty years later by one of the last surviving students of the French laissez faire school. Writing to Mises in September 1957, the professor A. Bastet said that Mises was the successor “to our master Yves Guyot” - who himself was the successor to Gustave de Molinari (1819-1912).

Go for Gold

Why, after years of the market’s neglect of gold, is the paper money price of gold now on the rise? Would it be too far-fetched to assume that it could reflect market agents’ growing concern about a forthcoming great inflation of government controlled paper money? Tensions in credit markets might indeed provoke fears that central banks could, by way of lowering interest rates, pump even more credit and money into the economies, in an attempt to fend off a credit crisis and potential losses in output and employment. Mainstream economists may be relaxed about such a policy provided “inflation” — typically defined as a change in the consumer price index — remains “low.” Austrians, in contrast, not only consider an increase in credit and money supply inflationary; they would also point out that the very process of a relentless increase in government-sponsored credit and money supply is a recipe for disaster, that it will ultimately end in the destruction of the currency.

The History of the Publication of Last Knight

How did the Mises Institute come to be the publisher of Mises: The Last Knight of Liberalism? Clearly a book of this level of significance, one might suppose, would be published by the likes of Chicago, or Oxford, or Cambridge. How and why did we end up doing it “in house,” so to speak?

It’s a fascinating story that gets to the heart of the current upheaval in publishing, made possible by new technology and also the increasing market strength of small publishers such as the Mises Institute.

“Last Knight” Live Blog 12 -- Ransom

The Verein fur Socialpolitik or Association for Social Policy is a central character in the early chapters of the Hulsmann Mises biography. An important thing intellectual history can do is put contextual substance back into sterile formulations of abstract principles which lack much of their conceptual significance outside of a real scientific — and social — problematic. A case in point is the notion of value free social science.

Boettke v. Salerno v. White v. .....

The current ‘civil war between Auburn & Fairfax’ ( Mark Sunwall’s apt description), was sparked off by Peter Boettke’s judgment that “[Don Lavoie] understood Mises better than all but two other Austrian economists (Israel Kirzner and Richard Ebeling).” Naturally this proved intolerable to some ‘Auburnites’. Let me now suggest a via media: let us begin with the intellectual system of Mises himself.

Titles of no real value

NPR had a recent story on the National Transportation Safety Board, profiling two of its investigators. The story provides a clear window into the inner workings of our federal government. Certainly, some will listen in pride as the investigators allude to the value they and government provide. Yet, the free market ear will reveal a whole lot of nothing. The first segment of the report focused on just one of the many NTSB employees investigating the collapse of the I-35 bridge.