Senior Fellow Thomas Woods interviews former Reagan budget director David Stockman on why Paul Krugman is wrong on the deficit and on monetary policy, how the Fed enriches and impoverishes, and where the U.S. economy is likely to go: Audio, approx. 28
This paper contends that Adam Smith meant what he said; human nature is ennobled by the cultivation of its lands, the advancement of its manufactures, the increase of its commerce, etc. Since it describes the environment in which these improvements will most likely occur, The Wealth of Nations provides a base for the ennobling of man’s nature,
It began with Bob McTeer’s article in the WSJ (June 4), and my response (June 12). Now we have E. Frank Stephenson of Berry College responding to my letter as follows (June 18): Since Jeffrey M. Herbener considers it the task of economists to dispel ignorance, I am compelled to point out that he is incorrect that economics was labeled the
Letter sent to WSJ : Edmund Phelps’s (”False Hopes and False Fears,” June 3) mischaracterization of the Austrian business cycle theory as one of “overinvestment” is doubly curious. For one thing, the Austrian theory has not been hidden under a bushel. F.A. Hayek shared the 1974 Nobel Prize, in part, for building on the pioneering cycle theory of
Ramesh Ponnuru , who has taken an interest in Austrian theory, would like more on Bob McTeer’s confused piece. In addition to Corrigan and Thornton , here’s my letter to the WSJ: Robert McTeer’s inclination to “define economics as the study of how to anticipate unintended consequences” (”The Dismal Science? Hardly!” June 4) is a tendency we should
February 27, 2004 Isn’t it shameful enough for Alan Greenspan that his recklessly expansionary monetary policy to keep financial markets afloat has, by pushing interest rates to historically low levels, inexorably led to the much lamented over-indebtedness in the economy? Now the long suffering American taxpayer, saver-investor, and homeowner must
[From The Freeman, September, 1995 ] Governments were threatening trade wars with retaliatory tariffs and quotas, belligerents suffered currency devaluations and balance of payments deficits, and everyone threatened legal action. The United States and Japan in 1995? No, this situation described the relationship between the states in 1780. Prior to
Grove City College will host the fourteenth annual Austrian Student Scholars Conference , February 16-17, 2018. Open to undergraduates and graduate students in any academic discipline, the ASSC will bring together students from colleges and universities across the country and around the world to present their own research papers written in the
This article illustrates the usefulness of the methodology of the Austrian school of economics. No scientific inquiry can occur without a method, be it carefully considered or willy-nilly. Yet, mainstream economists pay little attention to the methods they use. Apparently they are satisfied to mimic the method of physics. For economists as a
Grove City College will host the fourteenth annual Austrian Student Scholars Conference , February 16-17, 2018. Open to undergraduates and graduate students in any academic discipline, the ASSC will bring together students from colleges and universities across the country and around the world to present their own research papers written in 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.
