Phil Duffy

Articles

03/13/2025 Power & Market Phil Duffy

Extraordinary Popular Delusions and the Madness of Crowds is an early study of crowd psychology by Scottish journalist Charles Mackay, first published in 1841 under the title Memoirs of Extraordinary...

Repeating the Interventionist Excesses of the Tudor Period

10/03/2024 Mises Wire Phil Duffy

Fundamentally, there are only two forms of economic and political organization—centralized or distributed. The distributed model is based upon the principle of subsidiarity, which is, “an organizing...

Creating Wealth: The Cantillon or the Smith Way

04/30/2024 Mises Wire Phil Duffy

For those who have any exposure to the subject, Adam Smith is the father of modern economics. Few have heard of Richard Cantillon. Both wrote on the subject of wealth creation, Cantillon in Essay on...

Media

Repeating the Interventionist Excesses of the Tudor Period

10/23/2024 Phil Duffy

Modern historians romanticize the reign of the Tudors in England, but in reality, they were brutal to their subjects and they centralized power to the detriment of the people. Governments today continue this march against freedom.

Creating Wealth: The Cantillon or the Smith Way

05/07/2024 Phil Duffy

Although mainstream economists hold that Adam Smith is the father of modern economics, it was Richard Cantillon that recognized the centrality of entrepreneurship in economic development.

When Medical Authorities Went Totalitarian: Understanding Covid Policies and Protocols

01/12/2024 Phil Duffy

The response to the covid-19 outbreak is better understood as a tool of the national security state rather than as a public health measure.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.