wisdom that alcohol prohibition failed, but the economic reasons for this failure have never been as extensively detailed or analyzed as they are in this study to increase the potency of drugs and alcohol products distributed via the black market. Also investigated in this book are the effects of prohibition policies on
The Free Market 9, no. 4 (April 1991) Few occurrences have been more dreaded and reviled in keep prices from falling, at least in the long run. It is precisely because free markets and the pure gold standard lead inevitably to falling prices that monetarists any changes in consumer valuations. Any “unemployment” of resources results from a failure of people to adjust to the new conditions, by insisting on excessively high
The Free Market 9, no. 1 (January 1991) Project Head Start is supposed to be the exception care, psychological counselling, and food, we were told. Yet Head Start has been a failure, even by the social scientists’ own criteria. Launched on a budget of $17 the state, and hurt the poor. Rockwell, Llewellyn H. “Dead Start.” The Free Market 9, no. 1 (January 1991).
are my particular bugabear. They are always telling us that we must suppose that markets are always clearing, that we’ve got to interpret the business cycle as if that we’ve got to see unemployment as voluntary withholding of labor from the market. But this notion that all markets are clearing, or are close enough to Classical economists dismisses all concerns with lapses of coordination and the failure of market so clear completely. It simply wipes away the problem. AEN: Are
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.