Emory University in Atlanta Georgia has stirred up student and faculty protests with its plan to cut revenue losing academic programs. The plan includes suspending admission to its Graduate Institute of Liberal Arts and to graduate programs in Spanish and economics. Mothballing graduate programs is a magnificent development for a number of reasons
This year marks the fortieth anniversary of the publication of Dominick Armentano’s The Myths of Antitrust , later revised and published as Antitrust and Monopoly: Anatomy of a Policy Failure . This is a classic work published at the outset of the modern revival of Austrian economics. Indeed it was the first book to be written by a member of the
The war on cash in Sweden may be stalling. The anti-cash movement has been vigorously promoted by major Swedish commercial banks as well as the Riksbank, the Swedish central bank. In fact, for three of the four major Swedish banks combined, 530 of their 780 office no longer accept or pay out cash. In the case of the Nordea Bank, 200 of its 300
With every new leap of technology, we hear cries that the Age of Abundance is dawning and that we must reject the old economics of scarcity for the new economics of abundance. At the tail end of the technological boom of the the 1920s, John Maynard Keynes foretold that his contemporaries’ grandchildren would be living in an era of abundance as
Over the years George Selgin has dished out quite a bit of abuse in various and sundry blog posts to Murray Rothbard and those who hold that fractional reserve banking is inherently unstable and cycle-generating. I must concede Selgin is enormously entertaining in his balls-out, over-the-top ferocity in defense of something that he lately has been
So Senator Harry Reid, D-Nevada, thinks that the privately-funded United States Olympic Committee “should be ashamed” for providing its teams with uniforms made in China and that the uniforms should be “burned.” Senator Kirsten Gillibrand and Representative Steve Israel, both Democrats from New York, quickly weighed in on the controversy with a
Robert Frank is a Cornell University economist who has written a series of books and articles kvetching about the enormous social damage allegedly wrought by competition in American life. One of Frank’s more remarkable arguments is that “expenditure cascades” initiated by the rich have “caused undue harm to others.” An example of such harm occurs
Yesterday morning my wife and I were planning to celebrate our wedding anniversary with dinner at an upscale restaurant. We had been to the restaurant in the past and were impressed by its atmosphere and the quality of its meal ingredients, preparation, and service. We also checked the menu online and decided our likely menu choices greatly
According to Bloomberg’s survey of economists, 58 percent believe that the FOMC will announce an extension of Operation Twist at the end of its meeting at 12:30 pm today. The majority expect the Fed to extend the maturity of its securities portfolio by substituting the purchase of long-term securities, possibly even more mortgage-backed
“While Rothbard was still busy writing and polishing the manuscript of his magnum opus, Hans Sennholz was already a quality product of Mises’s NYU seminar....And in distinct contrast to Rothbard, who spent nights working or discussing with friends, slept through much of the day, missed deadline after deadline, and tended to be messy and
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.