Austrians today are nearly alone in asserting what the classical economists all knew. You cannot create prosperity by creating more money, but only through increases in technological progress, frugality, trade, and a division of labor.
Our friend Robert Bradley recently took a look back 25 years ago when the New York Times still had some scientific backbone.
In less than 20 minutes David Gordon surveys Plato, Aristotle, Stoic philosopher Zeno of Citium, Frenchman Frederic Bastiat, Franz Oppenheimer, and Albert Jay Nock.
Mises University Alumnus Ray Walter, now a PhD student in physics and mathematics at the University of Arkansas, discusses his work with the Mises Institute and how it has influenced his academic career.
"The Mises fellowship has been the single most important influence in my development as a scholar," writes Matt McCaffrey in his discussion on being an Austrian economist in academia today. "No other program could have given me the resources I needed to start my career."
The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.
Mises Daily Weekend by David Gordon: Thinkers Who Challenged the State
This essay is adapted from David Gordon’s talk at the Costa Mesa Mises Circle. Click here to register for January’s Houston Mises Circle.
While we are told today that an anarchist society is unachievable, the ancients believed such a society to be achievable but undesirable. The world would have to wait for later theorists like Bastiat and Oppenheimer, who explained the true costs of the state.
