Biographies

It was his melancholy good fortune to come upon the scene when the world went in for arms on an unprecedented scale and it was he who, more than any other man, developed the international market for arms.

In earlier days, the government employee was held to be a man who could not have made his way in the business world and was therefore tolerated with condescension.

The core concepts of contemporary Austrian economics—human action, means and ends, subjective value, marginal analysis, methodological individualism—all flow from Menger's pathbreaking work.

Churchill was from first to last a Man of the State, of the welfare state and of the warfare state. Churchill never had a principle he did not in the end betray.

In this newly translated tribute to Mises on the occasion of his 70th birthday, Hans Mayer praises Mises as an accomplished scholar, despite Mayer's misgivings about Mises's policy.

In that epoch of virtually unchallenged Keynesian ascendancy, Hutt's work was a beacon for those who defended the truth that economics is about the choices and actions of real human beings.

The 2021 Nobel Prize in Economics has been awarded to Berkeley's David Card, MIT's Josh Angrist, and Stanford's Guido Imbens for their work on "natural experiments," a currently fashionable approach to estimating the causal impact of one economic variable on another. 

The term most frequently applied to Woodrow Wilson nowadays is "idealist." The expression "power-hungry" is rarely used. Yet one scholar friendly to Wilson has correctly described him as one who "loved, craved, and in a sense glorified power." 

Hamilton was "so bewitched & perverted by the British example," wrote Jefferson, "as to be under thoro' conviction that corruption was essential to the government of a nation."

Could there be a more doleful proof of the sterility of European civilization than that it can be spread by no other means than fire and sword?