[ Originally published in Volume 5, No. 1 (Spring 2002) of the Quarterly Journal of Austrian Economics .] A central theme of all schools of economics is the notion that goods are scarce. The extent of human wants and needs is sufficiently great that the means man would apply to those ends are limited, requiring that he choose among alternative
Quarterly Journal of Austrian Economics 22, no. 2 (Summer 2019) full issue. ABSTRACT: This Lou Church Memorial Lecture given at the AERC in March 2019 focuses on the outcomes of the Enlightenment: reason, the individual, equality, property rights, the separation of church and state, science and politics freed from religious dogma; but also the
Quarterly Journal of Austrian Economics 22, no. 2 (Summe 2019) full issue. ABSTRACT: This paper discusses the epistemological status and potential scope of the discipline of sociology based on the writings of Ludwig von Mises. More specifically, it presents his epistemological distinction between theory and history, and argues that sociology can
In a series of recent articles in The Review of Austrian Economics , Joseph Salerno began to de-homogenize the often conflated economic and social theories of Ludwig von Mises and Friedrich A. Hayek. In particular, he has shown that their views on socialism are distinctly different, and he has argued in effect that Mises’s original argument in the
Friday marks the thirtieth anniversary of the fall of the Berlin Wall. Like most historical events that are commemorated as if they took place on a single day, the fall of the Berlin Wall on November 9, 1989, was just one of many interrelated events that led to the end of the system of Soviet client states in Eastern Europe, and the end of the
For more than a century, one of the most popular economic doctrines in the world has been the exploitation theory. According to this theory, capitalism is a system of virtual slavery, serving the narrow interests of a comparative handful of businessmen and capitalists, who, driven by insatiable greed and power lust, exist as parasites upon the
Listen to the Radio Rothbard version of this article. One of the central problems of aggregate measures of national income and well-being is the fact so much of it relies on incomes, wealth, production, and consumption measured in terms of dollars. This means only activities that can be tracked, counted, and ranked based on dollar values and
In recent decades, increasingly rapid innovation in medicine, education, means of transport, data storage, and communication have contributed to a general improvement in living standards. Still, from time to time this successful narrative is hit hard by noisy worries about the “job-destroying effect of automation” — a notion that remains lodged in
La contribución más famosa de F. A. Hayek a la economía es probablemente su «problema de conocimiento», que se refiere a la observación de que el conocimiento en la sociedad es difuso y el libre intercambio permite que las personas se beneficien del conocimiento que no poseen personalmente. Las ideas derivadas de este problema son enormes y, a
RESUMEN : Este artículo analiza la influencia de la iniciación del Segundo Debate sobre el Cálculo Socialista en mi propia investigación posterior y las contribuciones a ese debate, y resume brevemente la investigación presentada en artículos sobre argumentos de Platón, Karl Marx, Friedrich von Wieser, Friedrich Hayek, Lionel Robbins, Joseph
What is the Mises Institute?
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.