Zhang Shizhi

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Einstein Was the Greatest Physicist but Was Economically Illiterate

10/02/2024 Mises Wire Zhang Shizhi

Known as a “symbol of human wisdom,” Albert Einstein is undoubtedly one of the greatest physicists of the 20th century, he gained fame not only for his scientific achievements but also for his call...

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Einstein Was the Greatest Physicist but Was Economically Illiterate

10/29/2024 Zhang Shizhi

Einstein's name is synonymous with brilliance, yet his great intelligence did not translate to logical economic thinking. Instead, Einstein embraced socialism, thinking that one could guide an economy like one guides a mathematical equation.

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.