I just received my first copy of The Austrian, which replaces The Free Market as the flagship publication for Mises Institute members. If the first issue is any indication they will live up to their promise of a “bolder and more robust version of what you have known for decades.”
I especially look forward to again seeing regular book reviews from the always informative and entertaining David Gordon. But what I really found of interest was the rationale for the name change—the distortion of the term free market by opponents of liberty to where the term is practically void of its original meaning. As an example, see how Ryan McMaken in his excellent daily, How Truly Free Markets Help the Poor, has to explain what he means by a free market and why the U. S. economy is far from this ideal. I have observed this trend and in many of my own scribblings have begun to use Mises’s unhampered market instead of free market to make it clear the term does not as too many critics such as Paul Krugman and Barack Obama describe the current crony capitalism (mercantilist) status quo; the extremely hampered, but resilient, current marketplace.
The Austrian is a member’s first publication. If you are not already a member, this new publication is a great reason to become one now.
