Economics is a social science dealing with human choices and evaluations resulting from them. Every branch of our social world is a result of human action. That is why we always have to concentrate on acting individuals, who choose means to achieve their subjective ends. Ludwig von Mises called economics “a general theory of human action.” This
Mr. Roberts offers a very interesting definition of a “free trade”. In his opinion free trade rests on the condition of immobility of factors of production – if factors of production are free to move from one place to another, then this is no longer free trade . The argument is fallacious from the very beginning and is similar to economic concept
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,
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.