The Free Market 32, no. 2 (February 2014) Benjamin Powell’s new book Out of Poverty: Sweatshops in the Global Economy was recently published by Cambridge University Press. Dr. Powell spoke with the Mises Institute about his new book. Mises Institute: Describe for us what you mean by “sweatshop.” Powell: Here’s an example: Abigail Martinez earned
The Free Market 32, no. 3 (March 014) Author of The Capitalist and the Entrepreneur, Peter Klein has published numerous books and articles on entrepreneurship from an Austrian perspective. Dr. Klein was interviewed in late 2013 by eTalk’s Niaz Uddin on the topic of entrepreneurship: Niaz Uddin: Tell us about entrepreneurship. What are the
The Free Market 32, no. 3 (March 2014) A Libertarian Critique of Intellectual Property by Butler Shaffer Mises Institute, 2014, 62 pgs. Few topics in recent years have aroused as much interest among libertarians as intellectual property. What place, if any, would IP — patents, copyrights, trademarks and the like — have in a libertarian society?
The Free Market 32, no. 8 (August 2014) This article is a selection from “The Ethics of Entrepreneurship and Profit,” a lecture delivered by Prof. Hoppe at the University of Reading, England in June 2014. The capitalist entrepreneur acts with a specific goal in mind: to attain a monetary profit. He saves or borrows saved money, he hires labor,
The Free Market 32, no. 7 (July 2014) According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of this view is given by Frederic Mishkin in his textbook on money and banking. “[M]oney ... is used to measure value in the economy,” he
The Free Market 32, no. 7 (July 2014) Randall G. Holcombe recently spoke with the Mises Institute about his new textbook Advanced Introduction to the Austrian School of Economics , now available from Edward Elgar Publishing. Mises Institute: Why did you decide to write this book? Randall Holcombe: I received an inquiry from Edward Elgar, the
The Free Market 32, no. 8 (August 2014) Mises Institute: Why were you invited to debate at Oxford? Mark Thornton: The Oxford Union can pretty much get whoever they want to debate, including presidents, prime ministers, Mother Theresa, the Dalai Lama, and even Julian Assange, so I was honored that they invited me. I met several students in the
The Free Market 32, no. 6 (June 2014) Many Americans, perhaps a substantial majority, still believe that, irrespective of any problems they may have caused, labor unions are fundamentally an institution that exists in the vital self-interest of wage earners. Indeed, many believe that it is labor unions that stand between the average wage earner
The Free Market 32, no. 6 (June 2014) Argentina’s economic minister, Axel Kicillof, has become famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets such as Microsoft Excel. This assertion comes from the mistaken view that the cost of production determines final prices, and it reveals a
The Free Market 32, no. 5 (2014) This article is adapted from a portion of the Henry Hazlitt Memorial Lecture, delivered by James Grant at the Mises Institute’s 2014 Austrian Economics Research Conference. Believe me, ladies and gentlemen, when you stand at the pinnacle of financial journalism, you’re standing at sea level. There are exceptions
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.