Gary Gorton’s view of bank runs has already filtered down to students. Sam Williams won first prize at the ASSC in February with the paper The Return of the Bank Run: How the Financial Crisis of 2007-2008 was a Next Generation Bank
According to an NPR story, Insider-Trading Ban Passes Congress, But Some See Missed Opportunity , Senator Charles Grassley was unhappy with the Stop Trading on Congressional Knowledge Act recently passed by Congress because it didn’t go far enough. NPR reports that the Act, passed unanimously by the Senate, gained its political momentum from a 60
In his Bloomberg View column today, Economists Have a Lot to Learn from the Weather , Mark Buchanan chides economists for clinging to their neoclassical general equilibrium models in the wake of their spectacular failure to track the financial crisis. A theoretical physicist, Buchanan advises economists to follow the example of atmospheric
Even at Grove City College where commencement speeches are not filled with leftist banality, they often enough succumb to the banality of the occasion. But once in a while, a memorable one is delivered. Walter Williams, who is a member of the college’s board of trustees, gave a positively Rothbardian talk last Saturday. He started out by telling
Estonia is home to the latest Mises Institute (mises.ee). From Paul Vahur, executive director, of Mises Institute Estonia: We are glad to announce about the creation of Mises Institute Estonia (in Estonian: Misese Instituut). The founders were 10 members of Mises Circle Tallinn which was created in 2009. Mises Institute Estonia is politically
Congratulations to Jimmy Morrison who has written and produced The Bubble a film on our view of the financial crisis. The trailer premiered last Friday at Freedom Fest in Las Vegas. The inspiration for the film, Tom Woods, then moderated a panel discussion on the crisis which included David Tice, Peter Schiff, Doug Casey, and Gene
In a comment at Coordination Problem , “Is This How the Myth of the Laissez Faire Herbert Hoover Was Invented?” Barkley Rosser challenges Austrians with the following, “As it is, I await somebody explaining the 1870s to us, still the second worst depression in US history, and one where there was pretty much complete wage and price flexibility as
At commencement on June 8, 1957 Grove City College awarded an honorary doctorate degree to Ludwig von Mises. The 50th anniversary of this event afforded us an opportunity to consider his legacy at a conference on campus last weekend. Hans Sennholz, the man largely responsible for arranging the award, kicked off the conference on Friday with his
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.
