The Free Market 15, no. 5 (May/June 1997) My Latin professor once taught me the golden rule of Roman emperors, Vulgus vult decipi, ergo decipiatur . It means the masses want to be cheated, so let’s cheat them. Machiavelli built his theory of government partially on this credo. Our modern emperors and Machiavellis use the same wisdom today. Why
The Free Market 17, no. 5 (May 1999) President Clinton’s pastor and spiritual advisor J. Philip Wogaman has shown great interest in economic theory and policy. A professor of Christian Social Ethics at Wesley Theological Seminary, Washington, D.C., and pastor of the Foundry Methodist Church, his writings on economic systems display a relentless
Volume 2, No. 2 (Summer 1999) In recent years, there has been a remarkable resurgence of socialist and social-democratic theorizing, this time, allegedly, with a quite different twist (Pongracic 1997, pp. 599–600). These theorists still regard capitalism as characterized by exploitation, inequality, and negative externalities. But they are now
Volume 7, No.1 (Spring 2004) For the usual readers of free market books, Naked Economics promises exciting reading. Charles Wheelan , an American correspondent of London’s Economist and a lecturer at Northwestern University, promises to “undress the dismal science.” Undressing in this sense means “stripping away all of the diagrams,
The Free Market 24, no. 6 (June 2004) Outsourcing, offshoring, what- ever the name, has become a hot issue in this election year. (As I write these lines, the government has announced that 2,400,000 manufacturing jobs have disappeared in the last three years, currently leaving more than 9,000,000 Americans without jobs.) Blaming free trade for
The Free Market 13, no. 3 (March 1995) In 1994, bondholders lost hundreds of billions, thanks to Clinton’s monetary escapades. What happened? It’s a sad story of interest rates and their manipulation by government planners. In 1993 President Clinton began with a plan to jump-start the economy. His view was simple: the economy was already
Two Faces of Forgiveness President Clinton’s pastor and spiritual adviser J. Philip Wogaman has shown great interest in economic theory and policy. A professor of Christian Social Ethics at Wesley Theological Seminary, Washington, D.C., and pastor of the Foundry Methodist Church, his writings on economic systems display a relentless moral
Vienna & Chicago: Friends or Foes?, A Tale of Two Schools of Free-Market Economics , by Mark Skousen (Capital Press [Regnery Publishing], 2005] This is a strange book. Skousen himself calls it a “study,” but better to call it an essay. A study, according to The Merriam-Webster Dictionary is “the act or process of learning about something,” and an
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.