So Georgia is picking off top Alabama scientists. Georgia leaders are touting a high “return on investment” in the form of government research contracts. Naturally, AL legislators say this means that the state of Alabama has to spend more on basic science. To say nothing of the “broken window” problems associated with this line of reasoning, it isn’t altogether clear that Alabama’s path to prosperity is by investing in high-tech science.
Hayek’s Challenge: An Intellectual Biography of F.A. Hayek. By Bruce Caldwell. University of Chicago Press, 2004. Xi + 489 pgs. Review appearing in the Spring 2004 issue of The Mises Review (subscribe for $10).
If you read up on the history of economic thought in the twentieth century, you are likely to encounter the work of Piero Sraffa, in particular his curious volume, Production of Commodities by Means of Commodities: Prelude to a Critique of Economic Theory (Cambridge: Cambridge University Press, 1960).
John O’Sullivan blames the troubles in Iraq, in part, on the US’s failure “to disarm and disband private armies in Iraq.” He then offers this general principle: “[P]rivate armies are incompatible with democracy or any form of stable government.” Why? because they “undermine the rule of the legitimate authorities--in this case, the U.S....”
The Pulitzer Prize for Public Service goes to Davd Barstow and Lowell Bergman for their 3-part series in the NYT on injury among American workers, a series written from an underlying ideological supposition that the market is the enemy of safety and the government its friend. George Reisman saw this one coming, and produced this response one year ago January.
The former head of HealthSouth said in court filings Monday that the Sarbanes-Oxley law he is accused of breaking is unconstitutional and that the government used it to file multiple charges for the same conduct to inflate the gravity of its case against him. According to the Birmingham News:
The following article is from the April issue of The Free Market, available to members of the Mises Institute.
Debt is an institution in American government, long established and widespread. A cursory glance at debt statistics will quickly show that there has been a lull in the truth about debt, namely, that it cannot grow indefinitely at the rate at which it has been growing—at least not without a serious revaluation of the dollar, something we are already in the midst of seeing.
