In the midst of moral and intellectual decay, Roepke was an inflexible harbinger of the return to reason, honesty and sound political practice.
"The art of economics consists of looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups."
If Austrian economics seems daunting, just read Hazlitt.
If Keynes was such a model champion of the free society, how can we account for his peculiar comments, in 1933, endorsing, though with reservations, the social "experiments" that were going on at the time in Italy, Germany, and Russia?
Mises was not one to praise individual economists very often. But he still had his favorites.
Bob Murphy explains how he got into Austrian economics and libertarianism.
Writing about the cultural background of Ludwig von Mises, an eminent former compatriot of mine, poses some difficulties: how to present you with a world radically different from yours, a world far away, which in many ways no longer exists.
Teaching literature has changed now that the humanities have become a species of what is known as grievance studies, concerned with whether a given author is sexist or racist or classist. This is a cultural shift in education, and not for the better.
