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This year marks the 100 th anniversary of Ayn Rand’s birth. Her books sold in the millions and were most effective in transforming a generation of readers into ardent anti-communists and strong capitalists. There is also a connection between the Austrian School and Rand, as shown by a new symposium from  The Journal of Ayn Rand Studies  (Spring

Henry Hazlitt was one of a very special breed, an economic journalist who not only reported on economic and political events in clear and understandable language, but also made contributions to economics. When I arrived at the Foundation for Economic Education (FEE) in 1951, I was just a neophyte in the freedom philosophy. Hazlitt was a trustee,

The year was 1921. It was near midnight. Economist Ludwig von Mises was guiding some visitors through Vienna’s dimly lit inner city. The city was asleep. All was quiet except for the sound of the men’s muted conversation and the clop of their footsteps on the cobblestone streets. The men had just come from an economic conference where they had

[The Freeman , 1973] The many contradictions among different philosophical theories have caused much confusion over the years. Unfortunately, too few teachers and textbooks explain the basic principles that could help students discriminate intelligently among them and understand the ethical code which fosters freedom, morality and social

[This article first published in 2006 as “Japan’s Gift to FDR.” Liberty . 20, Volume 1, Issue 1: 19–27.]   It was about 9:30 on the evening of December 6, 1941.   Navy Lieutenant Lester R. Schulz, special deputy communication watch officer, assigned that evening to the White House “to receive [a] special message for the President,” proceeded to

[ Ludwig von Mises on Money and Inflation (2010)]   As a medium of exchange, the situation of money is different from that of other commodities. If there is an increase in the quantity of other commodities, this always means an improvement of conditions for people. For instance, if there is more wheat available, some people for whom there was no

[Originally published in the Freeman , May 1958, this article is included in Free Market Economics: A Basic Reader , edited by Bettina Bien Greaves.]   It follows that an employer cannot pay more to an employee than the equivalent of the value the latter’s work, according to the judgment of the buying public , adds to the merchandise. (This is the

[Note: Henry Hazlitt considered The Foundations of Morality to be his most important work. The following two reviews of that book were found in one of the many boxes of papers generously given to the Mises Institute by Bettina Bien Greaves. Bettina wrote in a letter to Hazlitt “It seems to me this is your very best book, and one that will live

[ Reprinted from Free Market Economics: A Basic Reader , compiled by Bettina G. Greaves .] Legal and political rights, without distinction as to sex, have been recognized gradually by the governments of most civilized nations of the world. By legislation and common law decisions, women have acquired freedom on a par with men to act, own property,

Bettina-Bien Greaves took careful notes during Ludwig von Mises’s New York seminars. Whenever he made a comment that suggested research paper or book, she jotted it down on a note card. She kept all these note cards and has generously agreed to share them. Mises’s students followed up on many of the ideas listed here, other topics have been