The Mises View: "Basket Case"

The Mises View: “Basket Case”

Tags: Entrepreneurship, Interventionism, Private Property, Production Theory, Free Markets

09/13/2016 Peter G. Klein

Longaberger can’t sell its basket-shaped headquarters. As Peter Klein explains, resources in a modern economy are complex and specific — which is why we need free markets.

Peter Klein is the Mises Institute’s Carl Menger Research Fellow.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.