The proposal to redistribute Iraqi assets to the population, put forward by Vernon Smith , raises many more questions than it solves; e.g., doing so involves international social engineering, albeit in an allegedly ‘free market’ direction; the social engineering raises in turn the matter of by what right US authorities rearrange other nations’
According to the Tullahoma News , meth labs are everywhere, and lawmakers are getting out their legislative blunderbuss to address the problem. Now, I don’t live in Tullahoma, and I don’t know the extent of the problem. I just ran across the article in a global scan of newspapers that are sometimes interesting. Great. More legislation, problem
The question has come up about the economic fallacies buried in the Parker Bros. game “Monopoly”, and it got me thinking. How about a “Territorial Monopoly of Protection” game? Everywhere you land on the board, you go to jail, pay a fine, get regulated, conscripted, or lectured by minions of the state. Your only way to “win” is to land on the
For those whose interest in Ricardo has been stimulated by the ongoing trade discussion, Murray Rothbard discusses this on pp. 94-99 of Classical Economics: An Austrian Perspective on the History of Economic Thought, vol. II (Cheltenham, UK: Edward Elgar, 1995), arguing on the basis of new research by William O. Thweat, that Ricardo made no real
In light of MNR’s article , the question has come up about more references to the repudiation that followed Reconstruction in the South. John Tice Moore, “Redeemers Reconsidered: Change and Continuity in the Democratic South,” in C. Vann Woodward: A Southern Historian and His Critics , ed. J. H. Roper (Athens: University of Georgia Press, 1997),
“Britain began to prohibit or seriously tax French wine imports in the late 1600s, allowing local beverage makers to earn enormous rents. Moreover, British investments in Portugal formed another interest group that benefited from protection by switching to wine production. The British had long tried to develop a wine industry in Portugal to serve
The Free Market 24, no. 7 (July 2004) T he Ludwig von Mises Institute has published a new edition of Murray N. Rothbard’s Man, Economy, and State , and united this great treatise with Power and Market , which was originally written as the final section of the book but was published only eight years later. Rectifying that publisher mistake of 40
Dr. Felix Morley, educator, scholar and author, has been a staunch defender of federalism, limited government, and Jeffersonian Republicanism throughout his long and distinguished career. As editor of the Washington Post, he received a Pulitzer Prize for his writing. He became President of Haverford College in 1940, and during World War II he
This paper will present a radical libertarian analysis of the War of 1861-65; as such, it will disagree in many ways with existing interpretations. It will be frankly evaluative in libertarian terms and will not assume that things “had to” turn out just exactly as they did ( pace the Locomotive of History). The discussion will be no more
Mises Institute, 2001, essay on the occasion of the 200th anniversary of his birth.
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.