A Picture of Real Economics
Which picture is a picture of real economics? Dale Jorgenson of Harvard with his math on the board or the late great Murray Rothbard with the name of Turgot on the board?
The End of Libertarianism (sort of)
The Financial Times announces the end of libertarianism as a political force. Evidence: the failure of soc-sec privatization, and individual health-care accounts. Problem: neither of these were really libertarian ideas.
Chords on a Napkin
The absurdity of intellectual property is starkly illustrated by a new campaign of the Music Publishers’ Association (MPA). Having gone after lyric sites on the Internet they are now shutting down sites that publish, get ready for this, guitar tablature (sheet music for guitars of popular songs).
What Happened at the Mises University 2006
The faculty and especially the students at the Mises University would like to thank you for supporting what might be the finest and most successful teaching event we’ve held since our founding.
Why the South is Rising
Here is an interesting investment-banking memo from Capital Management that features a discussion of the Mises Institute, taking off from the WSJ piece on the Mises Institute..
The Austrian Economics that Most of Today’s “Austrians” Don’t Know
To the great majority of those who today consider themselves to be supporters of Austrian economics, any suggestion that there are cases in which the direct, immediate determinant of price is cost of production is likely to be greeted as though it were indicative of such profound ignorance as to be cause for scandal. These “Austrians” believe that the prices of factors of production—labor, land, and capital goods of all descriptions—are determined by the prices of their respective products and can never determine the prices of their products.
Why is Medical Care so Expensive?
Medical expenses are rising faster than the costs of any other service, writes Hans Sennholz. This is the inevitable consequence of a 1965 Social Security amendment molding Medicare and Medicaid.
Money and the Individual
[This foreword to The Theory of Money and Credit by Mises (1912) was originally published in the 1981 Liberty Fund Edition of Mises’s book.]
Mining for the Next Million Years
For many years, I’ve been pointing out that the entire mass of the earth, from the upper limits of its atmosphere 4,000 miles straight down to its core, consists of nothing but solidly packed chemical elements. There is not one cubic centimeter anywhere in the earth’s mass that is not some chemical element or other, or some combination of chemical elements.
The Misesian Sights: An Austrian Visits Vienna
I was on a combined “work” and play trip to Europe, but the inner nerd in me took over. The so-called work had just finished. My wife joined me and we were enjoying the sights (and tastes) of Vienna. That’s when it happened. I broke out a folded up printout of the Mises.org “Misesian Must-See Places in Vienna” and the quest began.
