Mises Search

[This article originally appeared in International Journal of Value-Based Management 12: 195-207, 1999.] Besides national defense, no government-provided service enjoys as much exemption from scrutiny as the provision and subsidization of primary public education. Even presumed champions of the free market, such as Milton Friedman, support the

“Behind the Rise of Google Lies the Rise in Internet Credibility” By Verlyn Klinkenborg in the New York Times. “...a surprising number of [1990s] predictions about how we would use the Web are being

Volume 12, No. 1 (2009)   Roger Garrison (2001) provides a welcome diagrammatic exposition of Austrian, capital-based macroeconomics. The exposition attempts to account not only for Austrian business cycles (ABCs), but also for long-run, secular growth. Secular growth is a focus of mainstream growth theory that has arguably been neglected by

Volume 12, No. 2 (2009)   Engelhardt’s analysis implicitly assumes away the presence of diminishing returns. Diminishing returns have long been at the heart of growth theory — from Thomas  Malthus’s  ([1803] 2003) prediction of starvation as the result of population growth to Robert  Solow’s  (1956) conclusion that technological change is a

Liechtenstein has long been recognized as one of the most free and prosperous countries in the world. However, there has been little analysis of Liechtenstein’s development because the scant research that existed was in German and therefore inaccessible to most American scholars. Furthermore, many saw no need to study Liechtenstein, viewing it as

Liechtenstein has long been recognized as one of the most free and prosperous countries in the world. However, there has been little analysis of Liechtenstein’s development because the scant research that existed was in German and therefore inaccessible to most American scholars. Furthermore, many saw no need to study Liechtenstein, viewing it as