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Hülsmann, Jörg Guido, Abundance, Generosity, and the State: An Inquiry into Economic Principles (Auburn, AL: Mises Institute, 2024). Human action is usually driven by the desire to obtain more for less, and, ideally something for nothing. This has sometimes been called the economic principle. The wish to “get free stuff” pervades all times and

Here is a magisterial book for today and the ages, one that inspires awe for both the subject and the author who accomplished the seemingly impossible: a sweeping intellectual biography, constructed from original sources, of the 20th century’s most astonishing dissident intellectual. It has the apparatus of a great scholarly work but the drama of

This pioneering work by Jörg Guido Hülsmann, professor of economics at the University of Angers in France and the author of Mises: The Last Knight of Liberalism , is the first full study of a critically important issue today: the ethics of money production. There is a reason that this book has been translated to Chinese, German, Spanish, Czech,

Rare is the scholar to inspire a festschrift  —  a volume of papers written by top specialists in honor of a major thinker-but this one is very special. It is sure to grow in importance as the years move on, for it contains phenomenal contributions written in the tradition of the work of Hans-Hermann Hoppe . Hoppe is one of the most important

As the Federal Reserve and other central banks run wild, it’s time to reconsider a great work by Ludwig von Mises that is as fresh and relevant today as when it appeared a century ago. The first of Mises’s major works, Theory of Money and Credit was published in 1912 when Mises was barely 30 years old. To commemorate the centennial of this

[Also available in HTML format .] This monograph addresses a critically important issue: the prevailing view that deflation (falling prices and/or falling money stock) is a catastrophe that must be stopped. Jorg Guido Hulsmann shows that deflation is nothing to fear. The government should permit it to happen as a path to economic recovery and even

Jörg Guido Hülsmann, Mises: The Last Knight of Liberalism (Auburn, Ala.: Mises Institute, 2007), chap. 17: “A Treatise on Economics,” pp. 770–73. (Excerpt from chapter 17 of Mises: The Last Knight of Liberalism , pp. 770–73.) It was through the writings of Carl Menger and Eugen von Böhm-Bawerk that Mises had come to understand the market economy

Jörg Guido Hülsmann, Mises: The Last Knight of Liberalism (Auburn, Ala.: Mises Institute, 2007), chap. 17: “A Treatise on Economics,” pp. 765–67. (Excerpt from chapter 17 of Mises: The Last Knight of Liberalism , pp. 765–67.) Mises’s exposition of economic science differed decisively from all modern authors in that it drew a sharp line between

Hülsmann, Jörg Guido, “Some Spiritual Casualties of Fiat Inflation,” The Ethics of Money Production (Auburn, Ala.: Mises Institute, 2008), pp. 185–91; chapter 13 “The Cultural and Spiritual Legacy of Fiat Inflation,” sections 8 and 9. [ Excerpted from chapter 13 of Guido Hülsmann’s The Ethics of Money Production (2008). ] 8. Some Spiritual

The notion that inflation is harmful is a staple of economic science. But most textbooks underrate the extent of the harm, because they define inflation much too narrowly as a lasting decrease of the purchasing power of money (PPM), and also because they pay scant attention to the concrete forms of inflation. To appreciate the disruptive nature of