[This appears to have been written while Professor Raico was a university student. No date is given. The paper was found in a folder in the Rothbard Papers.] As a university student, as an heir of the Western tradition, and as a libertarian — on all three of these counts I was aroused by Mr. Buckley’s article, “Peace and Pacifism.” For he has, it
[This “report” appears to have been written while Professor Raico was a university student. No date is given. The paper was found in a folder in the Rothbard Papers that included several unpublished papers by Raico.] I. The Marxist Theory of Stages The distinctive feature of Marxism among the socialist ideologies is its historical theory,
Introduction to The Austrian Theory of the Trade Cycle and Other Essays , edited by Richard M. Ebeling. The four essays in this volume, each written by a major figure in the Austrian school of economics, set out and apply a distinctive theory of the business cycle. The span of years (1932–1970) over which they appeared saw a dramatic waxing and
[Excerpted from Chapter VII of Principles of Political Economy and Taxation (1817). Ricardo, an economist of the “Classical School,” deserves credit for having been among the first to point out the advantages of specialization and trade, even if one party to the transaction could produce everything better and cheaper than the other. Reprinted from
[Condensed from The Story of Research by E.J. duPont deNemours & Company, and the address of the Company’s President, Crawford H. Greenewalt, May 10, 1951.] Women were not freed from their 18th century servitude by feminist agitation, but the invention of the sewing machine, the washing machine, the refrigerator, and the dish washer, together
When a person gains power over other persons — to do his bidding when they do not believe it right to do so — it seems inevitable that a moral weakness develops in the person who exercises that power. It may take time for this weakness to become visible. In fact, its full extent is frequently left to the historians to record, but we eventually
[This article originally appeared in the publication New Libertarian in April 1985.] Since anarchists and other libertarians are, to say the least, an embattled minority, we have tended to be indulgent toward anyone and everyone in our ranks, even those who have been busily pecking away at the vitals of the libertarian position; Or, to change our
During the past decade a significant change has occurred in the kinds of questions explored by monetary economists. Heretofore, one of the central issues concerned the “rules versus discretion” debate of a central bank empowered monopolistically to supply base money. However, with the publication of studies by Klein (1974), Thompson (1974), and
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.