Volume 3, No. 1 (Spring 2000) In this new offering, Rojas tends to downplay the existence of any net capital movements and to argue that, if such net capital movements existed at all, they operate only in favor of the capitalist West. Clearly, this contradicts the facts that Rojas himself points out with so much emphasis. Most importantly,
Volume. 3, No. 2 (Summer 2000) The step-by-step analysis in Dinero, Crédito Bancario y Ciclos Económicos , which starts from legal distinctions and then proceeds to discuss related economic issues, has a decidedly Rothbardian twist. Huerta de Soto’s solid elaboration of his arguments along these lines makes his treatise a model
Volume 3, No. 4 (Winter 2000) Economic science, as handed down to us from Menger and Mises, explains observed human behavior by referring to other features of the real world. Both the phenomenon to be explained and the explanation itself are thus strictly realistic—a charm and advantage of the Menger-Mises approach as compared to other approaches.
Volume 4, No. 3 (Fall 2001) Garrison has a vivid sense for the necessity of adequate pedagogy to communicate Austrian ideas about the working of the economy, and he is very conscious of the power of symbols. His book is a great pedagogical effort aimed at replacing the dominant graphical representation of main macroeconomic relationships-the
Claude Frédéric Bastiat (1801 — 1850) is one of the greatest economists ever. His role as organizer of the French, and inspiration of the nineteenth- century continental European free-trade movement is not controversial, and all historians recognize him as a great pamphleteer — some even calling him “the most brilliant economic journalist who ever
Volume 5, No. 2 (Summer 2002) Commerce and Government is an extremely important book in the Austrian tradition. Reason enough, I shall hope, for every Austrian economist to become acquainted with it. The book is essential reading for students of the history of economic thought, but it could also be used with great profit as a
Volume 5, No. 4 (Winter 2002) Originary interest does not spring from the passing of time, but from the value relationship between means and ends. the means of action are inherently less valuable than the ends they serve. Therefore there is a value spread between means and ends— originary interest—in all human actions in which means and
Volume 6, No. 4 (Winter 2003) Deflation is not only of great political importance. It also brings to light interesting theoretical problems that provide us with the opportunity to develop the theory of money and related areas such as business cycle theory. The works assembled in the present volume contribute to such development. Hopefully,
Volume 6, No. 4 (Winter 2003) Mainstream writings on monetary policy typically focus on the goals that are assumed to be the goals of monetary policy makers. Inflation targeting, employment, equilibration of the balance of payments, growth targets for monetary aggregates, the stabilization of exchange rates, GDP, or asset prices—these and similar
Volume 6, No. 4 (Winter 2003) The fundamental question we have to confront in the theory of monetary policy is therefore not whether money affects the real economy—yes it does, both in the short run and in the long run—but whether changes of the money supply can make society better off in the aggregate. Austrian economists who follow the
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.