Ludwig von Mises’s Monetary Theory in Light of Modern Monetary Thought

Ludwig von Mises’s contributions to the development of the technical methods and apparatus of monetary theory continue to be neglected today, despite the fact that Mises succeeded exactly eight decades ago, while barely out of his twenties, in a task that still admittedly defies the best efforts of the most eminent of modern monetary theorists, viz., integrating monetary and value theory.

Remember the Alamo! Moses Rose’s Last Stand

Ever since I can remember, there’s been a notable imbalance between the attention and credit given to the demand side of the economy compared to the supply side. I try to ensure that my students see the latter is just as important as the former.

Part of this effort is highlighting the risk taken in creating the supply and bringing it to market. Recent events near the Alamo have brought into sharp focus the lack of respect entrepreneurs and small businesses face.