Mises Search

The Free Market 15, no. 9 (September 1997)   At last, the Republican Congress has proposed cutting death taxes. It wants the exemption to be raised from $600,000 to $1 million. Not bad for a start. But if Congress is serious about reducing the tax, the rate should immediately index the exemption to the inflation rate. If the inflation of the last

Volume 1, No. 1 (Spring 1998) The Banking Act of 1933, sometimes referred to as the Glass-Steagall Act, separated commercial and investment banking, instituted Federal deposit insurance, prohibited interest payments on demand deposits, and reorganized the Federal Reserve. The Glass-Steagall Act is typically explained as a public-interest measure

Volume 1, No. 3 (Fall 1998) Response to Reisman on Capitalism Alexander Tabarrok Reisman’s Capitalism is longer than either Mises’s Human Action or Rothbard’s Man, Economy, and State . It thus seems unreasonable to object to my review because it ignores major portions of his work. Reisman’s other objections are similarly weak. Capitalism has

The Free Market 9, no. 6 (June 1991)   Ludwig von Mises disliked hardboiled detective novels because he always knew who the murderer would be: not the butler, but a prosperous and respected gentleman of high social standing who pretends to virtue, but is actually a hidden criminal and sanctimonious hypocrite. Mises saw egalitarian envy in such

Volume 12, Number 1 (Fall 1990)   The method of Austrian economics stresses the use of words and concepts rather than mathematics, but, unlike mathematics, words and concepts change their meaning through time. That f ‘(x) < 0 implies a negatively sloping curve was as clear. to Newton as it is to a modern mathematical economist. The meaning Carl

A standard theorem in neoclassical public finance holds that income taxes are preferred to equal revenue excise taxes. Herbener (1988) rejects this theorem because the proof is (a) based upon methodologically suspect indifference curves and (b) must follow a certain conceptual ordering-namely the excise tax must first be placed upon consumers who

So long as men are mortal, wealth must be transferred between the generations and so long as parents care for their children, the dominant means of doing so will be through family inheritance. The transference of wealth through family benefits bequest or and heir, strengthens family ties, and increases long-term savings. When the state intervenes

The Review of Austrian Economics , Volume 10, Number 2 (1997)