[This article originally appeared in The Freeman , May 1979.] The present worldwide inflation has done, and will continue to do, immense harm. But it may eventually lead to one great achievement. It may make it possible to restore (or perhaps it would be more accurate to say to create ) a full 100 percent gold standard. That could come about in a
[Published January 27, 1964 in Newsweek. Excerpted from Business Tides: The Newsweek Era of Henry Hazlitt ] President Johnson has declared an “all-out war on human poverty.” It is a laudable aim. It has, in fact, been the aim of rulers, statesmen, economists, reformers, religious leaders — of every man of goodwill — from time immemorial. It is
Throughout history, until about the middle of the 18th century, mass poverty was nearly everywhere the normal condition of man. Then capital accumulation and a series of major inventions ushered in the Industrial Revolution. In spite of occasional setbacks, economic progress became accelerative. Today, in the United States, in Canada, in nearly
Recognizing the calamitous erosion of incentives that would be brought about by a straight guaranteed-income plan, some reformers have advocated what they call a “negative income tax.” This proposal was put forward by the prominent economist, Professor Milton Friedman, of the University of Chicago, in his book Capitalism and Freedom , which
[ On this day in 1949, Yale University Press published the first edition of Ludwig von Mises’ Human Action. The following is from Hazlitt’s “ Two Masterpieces by Mises .” ] There has just been published by the Yale University Press a book that is destined to become a landmark in the progress of economics. Its title is Human Action , and its author
[Este artículo está extraído de Economía en una lección ] La economía está perseguida por más falacias que ningún otro estudio conocido por el hombre. No es casualidad. Las dificultades propias de la materia serían lo suficientemente grandes en todo caso, pero se multiplican por mil por un factor que es insignificante, por ejemplo, en física,
[Extraído de “Fallacies of the Negative Income Tax”. Publicado en Man vs. the Welfare State ] Al reconocer la calamitosa erosión de incentivos que se produciría por un plan directo de renta garantizada, algunos reformadores han defendido lo que llaman un “impuesto negativo de la renta”. Esta propuesta fue presentada por el eminente economista y
[El 15 de septiembre 1949, Yale University Press publicó la primera edición de La acción humana de Ludwig von Mises. Lo que aparece a continuación es de “ Two Masterpieces by Mises ”, de Henry Hazlitt] Yale University Press acaba de publicar un libro está destinado a convertirse en un hito en el progreso de la economía. Su título es La acción
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.