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11.04. Utility of the Stock of Money

Audio/VideoOctober 21, 2011
From Man, Economy, and State , narrated by Jeff Riggenbach.

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The Enterprise of Community: Market Competition, Land, and Environment

Institute Publications
We hear a lot of expressed concern about conserving the environment, but no one talks much about producing it. Why not manufacture it competitively and sell it in the free market like other goods and services—and even bundle it with product support? As a matter of fact, that is being done. It...

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Monetary Policy and Capital–Based Macroeconomics: An Empirical Examination for the United States (1963–2012)

Institute Publications
This paper provides an empirical investigation of the role of monetary policy in the determination of interest rates and consumption as developed by capital-based macroeconomics

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9-11, by Noam Chomsky, and Writing in the Dust: After September 11, by Rowan Williams

Institute PublicationsApril 1, 2002
These two short books supplement each other and are best considered together. Mr. Chomsky is an assiduous collector of facts, many of them highly embarrassing to the U.S. government. Archbishop Williams,

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Persuasion, Vol. 4, No. 11

JournalsMarch 30, 2011
Stephan Kinsella lp-3-6 Mac OS X 10.6.7 Quartz PDFContext

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Last Knight Live Blog 11 Kraus

BlogOctober 24, 2007
Chapter 8 bears the title of Mises's second book, Nation, State, and Economy, and is devoted to a careful exposition and comprehensive theoretical analysis of the key factors that led to the disastrous World War I.Keeping the context of the general state of intellectual...

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11. The Limits of Governmental Activity

Online Text Page from Liberalism: In the Classical Tradition, Ch. 1. The Foundations of Liberal Policy

As the liberal sees it, the task of the state consists solely and exclusively in guaranteeing the protection of life, health, liberty, and private property against violent attacks. Everything that goes beyond this is an evil. A government that, instead of fulfilling its task, sought to go so far as actually to infringe on personal security of life and health, freedom, and property would, of course, be altogether bad.

11. Russia

Online Text Page from Liberalism: In the Classical Tradition, Ch. 3. Liberal Foriegn Policy

The law-abiding, citizen by his labor serves both himself and his fellow man and thereby integrates himself peacefully into the social order. The robber, on the other hand, is intent, not on honest toil, but on the forcible appropriation of the fruits of others' labor. For thousands of years the world had to submit to the yoke of military conquerors and feudal lords who simply took for granted that the products of the industry of other men existed for them to consume.

Political Tolerance: Balancing Community and Diversity, by Robert Weissberg

Institute PublicationsJuly 1, 1999
Professor Weissberg has taken on, in exemplary fashion, one of the major myths of our age. Professor Weissberg has taken on, in exemplary fashion, one of the major myths of our age.

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To Serve and Protect: Privatization and Community in Criminal Justice by Bruce L. Benson

Institute Publications
T o Serve and Protect is a breath of fresh air in the fog of mainstream recommendations concerning security, crime, and punishment. In the mainstream literature, liberals typically regard the offender as the victim of an egoistic society and conservatives typically say that the only way to reduce...

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Review of To Serve and Protect: Privatization and Community in Criminal Justice by Bruce Benson

Institute Publications
This is the most important book on public policy to be published in a long time. Benson takes on the most pervasive government activity, the criminal justice system, and addresses the critical issue of our high crime rate. There are no clear “academic” solutions to this problem, but...

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A Conversation With Murray N. Rothbard [Full Edition of Vol. 11, No. 2]

Institute Publications
Volume 11, Number 2 (Summer 1990) Murray N. Rothbard is interviewed on various economic concepts, many of his articles and books, and Ludvig von Mises.

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The State of Economics in Austria Today: An Interview with Karl Socher [Full Edition of Vol. 11, No. 1]

Institute Publications
Volume 11, Number 1 (Winter/Spring 1990) Professor Karl Socher of the University of Innsbruck, Austria discusses Austrian Economics in its homeland.

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Resurgence of the Warfare State: The Crisis Since 9/11, by Robert Higgs

Institute PublicationsDecember 1, 2005
Robert Higgs has a well-deserved reputation as an eminent economic historian, but in this collection of essays and interviews, he shows himself an adept moral philosopher as well.

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11. Economic Nationalism and Peaceful Economic Cooperation

Online Text Page from Money, Method, and the Market Process, Ch. Trade

The task of one privileged to address an audience of serious and conscientious citizens on problems of international relations is thankless indeed. If he is anxious to do his duty and to show things as they really are, he cannot help dispelling illusions, unmasking fallacies and exhibiting the intricacy of the problems involved.

Biography of Wilhelm Röpke (1899-1966): Humane Economist

BooksAugust 1, 2007
"I champion an economic order ruled by free prices and markets...the only economic order compatible with human freedom." Wilhelm Röpke devoted his scholarly career to combating collectivism in economic, social, and political theory. As a student and proponent of the Austrian School, he...

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11. Types of Exchangeable Goods

Online Text Page from Man, Economy, and State, with Power and Market

For the sake of clarity, the examples of exchangeable goods in this chapter have mainly been taken from tangible commodities, such as horses, fish, eggs, etc. Such commodities are not the only type of goods subject to exchange, however. A may exchange his personal services for the commodity of B. Thus, for example, A may give his labor services to farmer B in exchange for farm produce. Furthermore, A may give personal services that function directly as consumers’ goods in exchange for another good.

11. The Time Structure of Interest Rates

Online Text Page from Man, Economy, and State, with Power and Market

It is clear that the natural interest rates are highly flexible; they tend toward uniformity and are easily changed as entrepreneurial expectations change. In the real world the prices of the various factors and intermediate products, as well as of the final products, are subject to continual fluctuation, as are the prices of stock and the interest return on them. It is also clear that the interest rate on short-term loans is easily changed with changed conditions. As the natural interest rate changes, the new loans for short periods can easily conform to the change.