is transforming “health care in India through a simple premise that works in other industries: economies of scale. By driving huge volumes, even of procedures as sophisticated, delicate and dangerous as heart surgery, Dr. Shetty has managed to drive down the cost of health care in his nation of one billion.” In the process, he and his doctors are
Because confession is good for the soul, I admit that I have become a regular reader of Time magazine. This is not because I consider it an important news source in any sense, but because of its status as the “newsletter of the nation-state,” I find it worth studying if only to keep tabs on (a) what issues the US establishment thinks are important
Andrew Cusack remembers this courageous political philosopher, historian, and author of The Counter-Revolution , who died last week in Richmond, Virginia. Molnar , who worried about the consequences when intellectuals allowed themselves to become the tools of ideology (and not the other way around), would be ignored by a modern conservative
Consider this sequence of events. During the Cold War, the Cuban government becomes communist and aligns with the Soviet Union, and many of that country’s productive citizens flee to the United States where property rights are more secure and government is more constrained. Cuba’s economy predictably fails and is kept afloat for years by foreign
A political economy of natural disasters does not exactly exist yet. There are no classes in it that I know of. A dearth of writing attempts to define it. Yet, some of its lessons cry out following Hurricane Harvey’s wall banger into the coast of Texas. One is the role of capital formation in minimizing death. At the time of this writing, 26
Many moons ago, I wrote a piece for mises.org introducing Westley’s Law , which was my theory for government growth based on its being held to lower expectations, relative to the market. It struck a nerve, of sorts. Many emailed me to say the idea required expansion into a book. If I ever produce one, I’ll write up a section on the Flint water
According to a new report just out by McKinsey , global debt has increased by $57 trillion since the Great Recession, outpacing world GDP growth during this time period.
Frank Bruni saw a woman swoon and sway back in the 1980s, and the recent memory of it caused him to call for increased federal support for liberal arts education. The woman, Anne Hall, taught Shakespeare at UNC-Chapel Hill back in the days when North Carolina students were more focused on beating Duke in basketball than on Hall’s captivating
Robert Remini’s Andrew Jackson and the Bank War (New York: W.W. Norton & Company, 1967) has the following excerpt explaining part of Jackson’s opposition to the Second Bank of the United States: Jackson seriously contended that the Bank was dangerous to the liberty of the American people because it concentrated enormous power in private hands and
The Minnesota state government has been shut down, and the consequences are potentially devastating to the average Minnesotan who (according to this article in the Minneapolis Star Tribune) can no longer check a state web site to verify whether his barber has a valid license to practice. The horror! Of course, the primary focus in the media
What is the Mises Institute?
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.
