Hence, it is scientifically meaningless to say that the "probability of Jerry Ford being elected in 1976 is three-eighths," since elections are not homogeneous events repeated a large number of times. And yet a large amount of modern social science and of its mathematizing rests on this faulty view of probability theory.
Advertising has always had bad press with economists, but consumers discover that a product either works and works well, or it doesn't. Consumer wants are not artificially created by business itself.
Garet Garrett spoke boldly and consistently against "the dim-out of the individual" represented by the political centralization and bureaucratization of American life under FDR.
Ultimately, he and the woman are caught, imprisoned, and tortured. In the end, he is sincerely repentant of his crimes and is completely devoted to the all-encompassing government that has done him all this harm.
Capitalism sought to unleash the cooperative and competitive spirits of the human person and ended up abolishing scarcity in life's most valuable things.
The belief that government is necessary to ensure social order is a pure superstition, based upon a psycho-epistemological process different in no important respect from the belief in goblins and witches....
"Aside from its high production values, what's remarkable about this video is its theoretical accuracy and transparency. It has brought Austrian business-cycle theory from the background to the forefront of debate."
Still, the book is a beginning — an attempt to communicate free-market solutions to specific problems, to classes of people usually inimical to this approach.
Limited government is inherently immoral and must be rejected by any advocate of human freedom and justice in favor of competing agencies of retaliatory force.
The Mises Institute is pleased to announce the multimedia content on Mises.org— thousands of hours of audio and video—is now available through iTunes U, a dedicated section within the iTunes Store (www.itunes.com).
