Falling Behind, by Robert H. Frank, belongs to an unfortunate genre: books by well-known economists that endeavor to justify crude soak-the-rich policies, writes David Gordon. Paul Krugman and, from an earlier day, John Kenneth Galbraith are perhaps the best-known authors of such works; but Frank fully equals these eminent figures in his railings
Robert Murphy’s admirable book is much more than a conventional defense of capitalism. Murphy includes standard material, e.g., why price controls, minimum wage legislation, and rent control do not work. Though it was once controversial to point to the inadequacies of these measures, now even mainstream textbooks hasten to condemn them. Murphy
Goldberg has in the past treated libertarians with disdain, but here he offers an analysis of fascism that libertarians will find familiar. Goldberg has been influenced by John T. Flynn’s comparison of Franklin Roosevelt’s New Deal with Italian fascism; and he cites Friedrich Hayek with respect. He has learned from Murray Rothbard on the
A recent column by Steve Forbes on money is a peculiar mixture of insight and error. Forbes rightly says, “The blunt truth is that an active monetary policy has never, ever led to sound, sustainable growth. Without exception it has always done more harm than good, the only variable being the degree of damage rendered...It’s truly amazing that
Today is the sixty-fifth birthday of Hans-Hermann Hoppe. In the Preface to his The Economics and Ethics of Private Property, Hans says: “My largest debt is to Ludwig von Mises and Murray N. Rothbard, the twentieth century’s two greatest—though much neglected—economists and social philosophers.” Hans is the worthy successor of these great thinkers;
I recommend that readers begin with the essay by Murray Rothbard listed here. As Rothbard often stressed, one cannot infer a nation’s foreign policy from the nature of its domestic regime. Communist totalitarianism did not necessitate an aggressive foreign policy; and in the post-World War II period, Rothbard contended, Russian foreign policy was
Today would have been the eighty-sixth birthday of JoAnn Rothbard, the beloved wife of Murray Rothbard for forty-two years. In the dedication to America’s Great Depression , he called her “the indispensable framework,”and anyone who knew them could have no doubt why he said this. Murray discussed all his ideas with her, and she was a gifted
The dominant view of World War II is that it was the “good war.” Hitler bears exclusive responsibility for the onset of war, because he aimed to conquer Europe, if not the entire world. The United States tried to avoid entering the war but was forced into the fight by the surprise Japanese attack on the American fleet at Pearl Harbor. The authors
A young man who attended Mises University last week posted the following on Facebook: At Cato U in San Diego. Just saying: between the two there is NO COMPARISON. Mises remains the gold standard of ideas. The intellectual conversations, the overall decency of the people, and just the welcoming attitude just isn’t the same. Miss you
Dr. Marc Miles, a noted monetary economist, has now joined Mr. John Tamny in criticism of my review of Steve Forbes and Elizabeth Ames’s book Money . These authors write from a shared viewpoint, and I shall endeavor here to respond to both. In trying to understand my critics, I was puzzled. Forbes and Ames asserted, and I denied, that money
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.