The World is locked today in a fierce war of ideologies, in some ways strangely resembling the wars of religion in the Middle Ages. The doctrinal points at issue in those wars have become unintelligible to most of us today, and there are some equally strange paradoxes in the present ideological war. The Communists, who started it, not only know
One would get the impression, reading most of the discussions in today’s American newspapers and magazines, that no one had ever thought of doing anything for the poor until Franklin Roosevelt’s New Deal in the 1930’s, or even until President Johnson’s “war on poverty” in the 1960’s. Yet private charity is as old as mankind; and the history of
Download the pdf version here . Introduction Economics is the youngest of all sciences. But it opened to human science a domain previously inaccessible and never thought of — the regularity in the sequence and interdependence of market phenomena. Economic scientific inquiry is based on the uniformity and immutability of the logical structure of
[ Originally printed in the journal Procesos de Mercado: Revista Europea de Economía Política 14, no. 2 (Autumn 2017). ] 1. Personal Life and Career 1.1 Early Life Prof. Jesús Huerta de Soto Ballester is one of the leading Austrian School economists in the contemporary era. On December 23, 1956, Huerta de Soto was born in a devout Catholic 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
[From New Directions in Austrian Economics, edited with an introduction by Louis M. Spadaro (Kansas City: Sheed Andrews and McMeel [1978]), pp. 143–56) and The Logic of Action I: Method, Money, the the Austrian School (Cheltenham, UK: Edward Elgar and Auburn, Ala.: Mises Institute, 1997), chap. 16, pp. 337–49. ] I. The Definition of the Supply of
Until a few years ago, the conservative spectrum could be comfortably sundered into the “traditionalists” at one pole, the “libertarians” at the other, and the “fusionists” as either judicious synthesizers or muddled moderates (depending on one’s point of view) in between. The traditionalists were, I contend, in favor of state-coerced morality;
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.