How should the public, economists, politicians and workers measure the relative success and failure of a particular industry? By its profits? Its stock price? By its total employment? This may seem a rather elementary question, yet a proper and clear answer would go a long way in silencing what has been the loudest protectionist cry in recent
With the enlargement of the EU from 15 to 25 countries earlier last month, “the artificial division of Europe is finally and conclusively at an end” declared the Irish Prime Minister Bertie Ahern. He added, “The enlarged EU is also ready to play its part in bringing about a more secure, just and equitable world.” According to the EU itself, the
Every person attracted to the thought of Ludwig von Mises is eventually faced with the question: should I be a conservative or a libertarian or must I choose at all? The Mises Institute even added this point on its Frequently Asked Questions (” Are you conservative, libertarian, anarchist, socialist, or what? “). The current political moment
Volume 19, Number 1 (2005) Henry Hazlitt, Economist and journalist, played a decisive role in the postwar presentation and dissemination of Austrian ideas in America. Not only was he Ludwig von Mises’s friend and editor, he was also a book reviewer at the New York Times and (later) columnist for Newsweek . From these positions, he brought broad
It appears as though my prediction that pharmaceutical companies would cease to sell to Canadian pharmacies that export to the United States has come true. Today’s Wall Street Journal Reports ($): “Canadian internet pharmacies are refusing to back down as big drug makers intensify their battle to block exports of cut-price drugs to the
The Guardian has launched a website advocating the abolishment of all agricultural subsidies in Europe and the US. Although replete with historical inaccuracies, (e.g., “Giving subsidies to farmers was a brilliant idea that transformed the food shortages after the second world war into a surplus.”) the newspaper’s sudden discovery of free trade
From a 1982 article appearing in the New York Times, “A Nobel Winner Assesses Reagan”: “The only way you can finance a deficit is by inflation. You cannot raise this amount by genuine borrowing. You borrow from banks, which create credit for the purpose. A large government deficit is a certain way to inflation.”
Trade With China Is Heating Up As a Business and Political Issue (WSJ): “Although many U.S. corporations are seeking to tap into China to make and sell their products, a lengthening queue of U.S. industries are petitioning the government for relief from Chinese imports; more than one-fifth of the cases in which U.S. companies accuse overseas
US textile groups seek China quotas (China Daily): “US textile producers will ask the Bush administration to impose emergency import quotas on four categories of apparel from China, a textile industry official said on Wednesday. The United States was required to eliminate import quotas on China in 29 different apparel categories when Beijing
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.
