[With this column, Mises.org inaugurates a regular column by Walter Block, senior scholar of the Mises Institute, professor of economics at the University of Central Arkansas, and author of Defending the Undefendable , a brilliant application of economic logic to everyday problems and political issues. You can read Professor Block’s vita here ]
[ This is the second of a regular column by Walter Block, senior scholar of the Mises Institute, professor of economics at the University of Central Arkansas, and author of Defending the Undefendable , a brilliant application of economic logic to everyday problems and political issues. You can read Professor Block’s vita here ] In my last column ,
[This is Part Three of a series. You can also read Part One and Part Two ] Stakeholder A new word has crept into our lexicon, courtesy of our friends on the left. It is “stakeholder” and it is the entering wedge of yet another attack on private property rights. In the good old days, a firm had contractual obligations to its suppliers, to its
In my previous columns on language, I suggested that our friends from the left have hijacked vast verbal territory, and used it against us. That is, they have taken words such as “profiteer,” “rent seeking,” etc., and used them as sticks with which to beat us and undermine our political economic perspective. I urged that we strive mightily to
Swamps Ever notice something curious? There are no more “swamps” out there. Swamps used to be bodies of water that smelled bad, were usually stagnant, and often had creepy crawly things running around in them, sometimes even alligators (or crocodiles, for the life of me I can’t tell the difference between them, nor do I want to learn enough about
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.