The authors of American Amnesia , well-known political scientists from Yale and Berkeley, argue that supporters of the free market have forgotten a fundamental truth. Defenders of the market often point to the “Great Fact,” as the distinguished economic historian Deirdre McCloskey terms it, i.e., the amazing increase in human well-being and wealth
The Populist Explosion: How the Great Recession Transformed American and European Politics by John B. Judis Columbia Global Reports, 2016 Donald Trump’s victory in the November 2016 election for president of the United States astonished the world. Though he had never held political office, he won the Republican nomination. The leading polls
The Power and Independence of the Federal Reserve Peter Conti-Brown Princeton University Press, 2016 xiv + 347 pages Peter Conti-Brown, a legal historian who teaches at the Wharton School, would sharply dissent from Ron Paul’s wish to End the Fed. He never cites Mises or Rothbard, and the only Austrian work that he mentions, hidden away in an
The Curse of Cash Kenneth S. Rogoff Princeton University Press, 2016 Kenneth Rogoff would sharply disagree with Peale, a character in the 1915 novel It Pays to Advertise , who said that the most beautiful word in the English language is “cash.” For Rogoff, a distinguished monetary economist (and chess grandmaster) who teaches at Harvard, cash,
Joe Salerno, like Ludwig von Mises, is not only a great economist but a great teacher of economics as well. Since 2005, he has been in charge of the Mises Institute Summer Fellows program. In this program, graduate students spend a summer at the Institute. They engage in regular discussions; and, under Joe’s direction, they prepare a research
Readers of Judge Napolitano’s outstanding book will at once be struck by its unusual title. What is the “suicide pact” referred to there? The phrase occurs in a famous dissenting opinion by Justice Robert Jackson. In Terminiello v. Chicago (1949), the Supreme Court held that the city of Chicago had wrongly restricted the free speech of an
Although Phishing for Phools was published only a few months ago, it has already attracted much attention, owing to the eminence of its authors, both Nobel Laureates; but it has been misunderstood. Reviewers have taken it to be just another popularization of behavioral economics. The book does make use of behavioral economics, but its fundamental
Peter Simpson is a distinguished classicist and philosopher, known especially for his work on Aristotle’s ethics and politics. (He is also, by the way, a mordant critic of Leo Strauss and his followers.) In Political Illiberalism , he poses a fundamental challenge to philosophical justifications of modern liberalism, culminating in the vastly
Charles Murray thinks that government has become arbitrary and tyrannical. In doing so, it has betrayed the “Madisonian” heritage of America, which strictly limited the power of the government to interfere with individual liberty. “As I [Murray] got into the book, I discovered I had to find a label less cumbersome than ‘people devoted to limited
A World in Disarray: American Foreign Policy and the Crisis of the Old Order by Richard Haass Penguin Press, 2017 Richard Haass is a foreign policy professional of great knowledge and experience. He has served as director of the Policy Planning Staff of the State Department; and for the past 14 years, he has been president of the Council on
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.