In Dr. Seuss’s book ”The Cat in the Hat Comes Back” (1958) there is an expression of alarm that the walls are being cleaned with “Dad’s $10 shoes,” which in today’s terms would be about $62. I find it odd that the kid in the book is so freaked out by about the price of his dad’s shoes when they are clearly not especially expensive for shoes. He
Volume 10, No. 1 (Spring 2007) The efficacy of the decentralized market process is perhaps the foremost contribution of Austrian economics. But if Austrians are correct about the performance of spontaneous order processes, the paucity of Austrian economists in academic positions seemingly undermines their methodological critique of neoclassical
Volume 14, Number 3 (Fall 2011) Laband and Tollison (2000) warn that specialized Austrian journals encourage excessive within-group communication at the expense of exchanges of ideas with the broader economics profession. I evaluate this possibility using publications by authors of papers in the Quarterly Journal of Austrian Economics (QJAE)
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.