Mr. Roberts also criticizes Professor Salerno : “Mr. Salerno also confuses the mobility of factors of production within a country with the international mobility of factors of production. The two things are entirely different. The flow of factors of production within the US from North to South or East to West is not comparable in the effects to
I happy to report to that Llewellyn H. Rockwell, Jr.’s article “ Bandits and loopholes “ has been printed in Polish conservative-libertarian weekly magazine “ Najwyzszy Czas !”. It has about 40-50 thousand readers (official numbers are not available). It is about 10% of Polish Newsweek edition, so has a pretty big audience. Here are some scans of
Linguist, Psychologist, and author Claude Piron authored an interesting essay, which I just came across, on Psychological Aspects of the World Language Problem and of Esperanto (English Translation) , which has some interesting parallels to the cause of classical liberalism. On a fervent desire to have one’s movement go forward more quickly,
Earlier this week, the Oxfam organization published a “ report ” about global inequality. It’s not really a report, since most of it consists of babble-economics with little empirical foundation, and the hard data that it includes comes from an external source: the Credit Suisse Report . In any case, this data indicates that there is a lot of
One often wonders whether differences in economic schools of thought are big enough to justify strict theoretical segregations. One such case is “marginal economics.” Most textbooks point to the triumvirate of Walras, Jevons, and Menger, who independently discovered the notion of marginal utility and its relevance to the pricing process. Quite
I am very happy to inform that the Polish Mises Institute is preparing the Polish translation of Human Action which should be ready by the end of 2007. The book has not been translated into Polish yet and Mises is mostly known in Poland only for his minor works. If you would like to learn more please visit this
“The A-team” supports the idea of natural law, rejects the nominalist tradition, rejects relativism both on ethical and epistemological grounds, supports entrepreneurship and free market, praises division of labor and monetary economy, builds its morality on the nonaggression axiom, rejects the necessity for economic regulation, undermines the
Volume 16, No.4 (Winter 2013) ABSTRACT : The aim of this paper is twofold: to reformulate the concept of contestable markets in the context of property boundaries, and to recapitulate the characteristics of “sunk costs.” The first section outlines the idea of contestable markets developed in the 1980s and contrasts it with the perfect competition
Volume 15, Number 4 (Winter 2012) In his important contribution, Jörg Guido Hülsmann (2003) attempted to redefine the method of economic science. According to him most economic laws are counterfactual in their nature and do not have to rely on ceteris paribus assumptions. The purpose of this note is to demonstrate the shortcomings of
Volume 10: No 4 (2007) In 1920 Mises presented his famous essay on socialism, which would change, and eventually destroy, the whole scientific case for Marxist socialism (Mises 1990). Afterward, no one could seriously defend that doctrine. Mises argued that socialism cannot be effectively organized because of the “calculation problem.” He based
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.