Chapter 14, titled Booms , is a detailed and excellent narrative of a relatively short period of Mises’s life when he exercised strong intellectual influence and contributed significantly to the reemergence of free market ideas in Europe, particularly in Austria and Germany. At the London School of Economics, in persons of Professors Lionel
One reviewer of the second edition of Socialism commented: “In some circles Mises is called the last representative of a liberal economic order. He is certainly not the last, but after many years the first who has dared to think through all the consequences of such an order [liberal economic order], and to erect and demonstrate a doctrine with
As economic crisis deepened and the social situation and civil order in Austria deteriorated accordingly, Mises was happy to receive an invitation from Geneva-based Graduate Institute of International Studies to become a visiting professor of international economic relationships. The Institute Mises was to join was established to produce a next
It is said that no other book on economics has done more to advance sound economics than Human Action: A Treatise on Economics . The book is a product of many years of scholarship and reflection on purely abstract aspects of science of economics and most pressing problems confronting practical economic affairs. It offers a grand system of thought;
In the context of the recent spike in oil prices, this clip from Glenn Beck show might be of interest to some. Particularly noteworthy is the fact that the oil industry has been facing a thirty years [sic] moratorium on exploring new fields within the United States. According to the president of Shell Oil, John Hofmeister, the US is dependent on
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.