ABSTRACT: This article is an evaluation of the General Theory largely on its own terms. Extensive quotations from The General Theory of Employment, Interest, and Money are used in order to allow Keynes himself to expound the theory. The goal of this article is to show that even on its own terms the General Theory must be considered a failure, for
ABSTRACT: The goal of this article is to extend the argument about the possibility of economic calculation under socialism first advanced by Ludwig von Mises (and later extended by Rothbard) to a related topic, the possibility of developing a comprehensive plan of production as a whole when all of the means of production are owned by a single
ABSTRACT : This paper begins with propositions whose truth is evident, and from them conclusions are derived whose truth has been made evident by deduction. In this paper, the foundations of the right to property are laid out, with implications for the acquisition of unowned property and the ability of a person to transfer that ownership. This
RESUMEN: Este artículo es una evaluación de la Teoría General en gran parte en sus propios términos. Se utilizan extensas citas de La teoría general del empleo, el interés y el dinero para permitir al propio Keynes exponer la teoría. El objetivo de este artículo es mostrar que, incluso en sus propios términos, la Teoría general debe ser
RESUMEN: El objetivo de este artículo es extender el argumento sobre la posibilidad de cálculo económico bajo el socialismo, planteado primero por Ludwig von Mises (y más tarde por Rothbard), a un tema relacionado, la posibilidad de desarrollar un plan integral de producción en su conjunto cuando todos los medios de producción son propiedad de una
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.