In the latest Critical Review , (Vol.16, No.1), Bryan Caplan offers an original contribution to the socialist calculation argument.(”Is Socialism Really Impossible?”, pp.33-52) He thinks that Mises is right that it is impossible for a socialist system to calculate; but Mises then takes an unwarranted step. Mises concludes that socialism is itself
Richard Russell writes , in part: I’m asked what the U.S. government’s attitude is towards gold. My answer – their attitude is – “Leave gold alone, but definitely don’t encourage people to buy it.” Why do I say that? Answer – Month after month goes by and the authorities have still not OK’d a gold ETF. A gold ETF would allow Americans to buy gold
Ever wonder where Tang and Teflon came from? If you guessed that some lab operated by NASA pulled the necessary levers and turned the dials, you guessed wrong. See, Urban Legends of NASA: What They Did Not Invent More on NASA: 1 2
The Free Market 32, no. 3 (March 2014) A Libertarian Critique of Intellectual Property by Butler Shaffer Mises Institute, 2014, 62 pgs. Few topics in recent years have aroused as much interest among libertarians as intellectual property. What place, if any, would IP — patents, copyrights, trademarks and the like — have in a libertarian society?
The Circle Bastiat, which flourished from 1953-1959, was a group of Murray Rothbard’s closest friends and disciples. Ralph Raico and George Reisman, while still in high school, began to attend Ludwig von Mises’s famous seminar at New York University. There they met Murray Rothbard, then working on his doctoral dissertation at Columbia, who had
Robert Wenzel would like to see more Rothbardian history. He seems to me entirely right; it’s imperative that those who knew Murray set down their stories about him. Here is one of mine to start things off. Murray had an incredible memory for historical detail. One I was telling him that I had manged to stump Mel Bradford by asking him
The Politically Incorrect Guide series includes many excellent books, but unfortunately Kevin Williamson’s Politically Incorrect Guide to Socialism is not among them. One turns to the book with interest, as the author is a firm opponent of socialism and has read Mises, Hayek, and Rothbard. Unfortunately, the book cannot be recommended. Williamson
Paul Gottfried’s excellent book lends strong support to a controversial claim of Murray Rothbard’s. In his The Betrayal of the American Right (Mises Institute, 2007), Rothbard argues that the American Old Right could not be considered conservative in the European sense. Quite the contrary, it opposed traditional conservatism as an enemy of
It’s been a grueling Fall 2007, with the continued shocks from the housing mess, the market sell-off, oil still sky high, the dollar hitting new lows, and the rising gold price giving that ever-ominous sign of trouble ahead. Business conditions have deteriorated dramatically. And the gold price reflects a general trend: the consumer and producer
Guido Hülsmann shows us in this monumental biography that a common view of Mises is mistaken. As even Macaulay’s schoolboy knows, the American economics profession, dominated by Keynesianism, shunted Mises aside when he came to America. He was viewed as a relic, preaching an extremist view of free enterprise; and, as the mainstream had it, his
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.