Past all the incendiary rhetoric, one of the key differences between Democrats and Republicans is the question of how far-reaching government intervention should be. Nowhere is this more apparent than in the most recent battleground over regulations: net neutrality. Federal Communications Commission (FCC) Chairman Ajit Pai -- a Republican
Elon Musk has a reputation for blazing trails. Whether it’s electric cars, a cave rescue or space travel, the billionaire business mogul has no problem doing things his own way. Education is no exception. Since 2014, Musk has operated Ad Astra, a nonprofit school at SpaceX headquarters. Students explore everything from AI to robotics without any
[ From the Quarterly Journal of Austrian Economics. ] The Scandinavian countries, and primary among them Sweden, are commonly referred to as anomalies or inspirations, depending on one’s political point of view. The reason is that the countries do not appear to fit the general pattern: they are enormously successful whereas they “shouldn’t” be.
[ From the Quarterly Journal of Austrian Economics.] Entrepreneurship is a double-edged sword. On the one hand, it has become almost universally recognized over the past few decades that entrepreneurship is the engine of economic change, the generator of economic growth, and the main cause of job creation. Consequently, policy is often used in
In this year’s letter to Amazon shareholders, released earlier this week, CEO Jeff Bezos extolled the value of high expectations. “We didn’t ascend from our hunter-gatherer days by being satisfied,” he wrote. Among the products that Bezos summarized was the company’s new shopping concept, Amazon Go. “Since opening, we’ve been thrilled to hear many
Not long ago, I needed the help of a plumber to fix a leaking bury hydrant on my property. While I could probably dig the hole and then, thanks to the glorious Internet, figure out how to fix it myself, it would hardly be a valuable use of my time. I am better at researching and teaching, and then spending some of my earnings to get other things
President Donald Trump followed his announcement of steel and aluminum tariffs with a declaration that “trade wars are good, and easy to win” -- a stance economists and members of his own political party immediately challenged. Not long after the U.S. announced its tariffs, international trading partners threatened retaliatory fees against
[ Full issue of the Quarterly Journal of Austrian Economics 20, no. 4 (2017)] Scandinavian Unexceptionalism: Culture, Markets, and the Failure of Third-Way Socialism by Nima Sanandaji London: Institute for Economic Affairs, 2015, 132 pp. The Scandinavian countries, and primary among them Sweden, are commonly referred to as anomalies or
[ Full issue of the Quarterly Journal of Austrian Economics 20, no. 4 (2017) Public Policy, Productive and Unproductive Entrepreneurship: The Impact of Public Policy on Entrepreneurial Outcomes Edited by Gregory M. Randolph, Michael T. Tasto, and Robert F. Salvino Jr. Cheltenham, U.K.: Edward Elgar, 2017, 176 pp. Entrepreneurship is a double-edged
So I watched “Do you trust this computer?”, a film that “explores the promises and perils” of artificial intelligence. While it notes both the good and the bad, it has an obvious focus on how AI might bring about “the end of the world as we know it” (TEOTWAWKI.) That is, if it is left unregulated. It’s strange, however, that the examples of
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.