This question came into the Institute from Allen Sukholitsky, a study at Columbia: I had a few exchanges with my professor about the producer/consumer burden of the excise tax and she gave me numbers that appeared to prove that an excise tax can be partially given to the consumer. She gave me 3 combinations of price/quantity to prove the point.
This is the best Batman movie yet . Christian Bale, living up to the promise of his performances in American Psycho and Equilibrium, is the best Batman, hands down. Bale’s Batman is dark, dangerous, disturbed, dehumanized and vengeful—as he was meant to be. As Batman, his voice takes on a guttural, animalistic quality. The new menacing-looking,
Many people have wondered about the Austrian Scholars Conference, the trend line and general health, which might be considered a good barometer of the health and well being of the Austrian School generally. Well, after years of enjoying a fairly stable attendance, this year, it is going to set all records. We are looking at having more than 150
Volume 9, No. 4 (Winter 2006) Ludwig von Mises (1981; 1998) is generally and properly credited by contemporary Austrians with having reintegrated monetary theory with general economic theory from which it had been severed by the neoclassical quantity theory. However, broader recognition of Mises’s contribution in merging monetary and value
The Free Market 20, no. 5 (May 2002) The monetary situation in Argentina is a glaring example of confiscatory deflation. In 1992, after yet another bout of hyperinflation, Argentina pegged its new currency, the peso, to the US dollar at the rate of 1-to-1. In order to maintain this fixed peso/dollar peg, the Argentine central bank pledged to
Volume 17, No. 1 (Spring 2012) ABSTRACT: The financial crisis and the events leading up to it have sparked a remarkable renewal of interest in Austrian Business Cycle Theory (ABCT). A number of mainstream macroeconomists have criticized this resurgence of interest in ABCT on the grounds that the theory cannot explain the positive correlation of
Volume 12, Number 4 (2009) The author believes the evidence presented in this paper raises serious questions for Kirzner’s interpretation of Robbins’s Essay . Mises certainly treated Robbins’s book as an important contribution to the science of human action and did not draw a distinction between the Robbins’s economizing man and his own
Volume 13, Number 3 (Fall 2010) Larry was a committed Austrian economist and passionate defender of the liberal economic order. At the time of his passing, he was a leading advocate of free banking and critic of central banking. A prolific and engaging writer, he authored many scholarly and popular articles on a wide variety of topics, ranging
The Free Market 32, no. 7 (July 2014) According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of this view is given by Frederic Mishkin in his textbook on money and banking. “[M]oney ... is used to measure value in the economy,” he
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.
