Per Bylund recently published “Signifying Williamson’s Contribution to the Transaction Cost Approach: An Agent-Based Simulation of Coasean Transaction Costs and Specialization” in the Journal of Management Studies. Bylund writes: “It is a simulation test of Coase’s transaction cost approach using agent-based modeling, and what I do is basically
From ScottHorton.org (August 4, 2014): Mark Thornton, Senior Fellow at the Ludwig von Mises Institute, discusses how central banks hide the true costs of war and the narrow segment of society benefiting from the “jobless
Mark Thornton on Butler on Business, August 4 , beginning at 1:30:00. Mark discusses the most recent government economic data, including Gross Output measures vs. GDP.
Just for the record, here’s a mention of Mark Thornton’s research from earlier this year, which I had missed. From The NYT online : Economists are often skeptical of drug laws, favoring alternatives like legalization, decriminalization, or a combination of legalization and high taxation, to discourage use. (In an essay titled “ Prohibition vs.
UPDATE: Here’s the archived show: http://www.tradingacademy.com/resources/radio/power-trading-radio-video-archives.aspx?showid=1129#.U-uFAmaz77E.facebook Writes Mark: “I will be on Power Trading Radio http://www.tradingacademy.com/resources/radio/ Tuesday at 6 pm
The distinction that Paul draws between himself and the anarchists is that Paul sees some value in political action, while anarchists, whom Paul does not criticize, see no value in political action. He goes on: “If somebody is an anarchist.... and they don’t go and shoot up the government...that’s a great idea.” “Anarchy is no threat to me.” On
Credit: Longmont Times- The County Commissioners of Boulder County, Colorado have thrown a woman out of work because they didn’t like the way she looked. According to the local CBS affiliate : An “ick factor” led to the closure of “The World’s Smallest Woman” exhibit at the Boulder County Fair last week, officials said. Visitors hoping to see an
Two recent Mises Daily articles have touched on the issue of tax credits and tax advantages for certain industries, such as the film industry and other industries seeking tax credits and tax advantages at the local level as part of a local “economic development” strategy. Many left liberals refer to tax credits and available tax deductions as
From Andrew Wilson at The American Spectator : In a recent New York Times column , Paul Krugman made the assertion that “self-proclaimed libertarians deal with the problem of market failure both by pretending that it doesn’t happen and by imagining government as much worse than it really is.” But suppose we flip that around — substituting
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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.