Around the world there are many academics who make a living from Austrian economics. They write books, publish articles, organize conferences and are the people at the forefront of the movement. By constantly critiquing themselves and others, they build upon the Misesian framework, enriching, developing and deepening our understanding of
Quite an interesting blog entry about and net neutrality. Paul Sweeting summarizes various views espoused by academic economists during a video policy symposium. Some highlights: “Copyright is a very big issue in the legal world today, but in the business world, when you talk to consumers about protecting copyrights, it’s a dead issue,” he said.
The city of Los Angeles is considering an ordinance that would create a paparazzi-free bubble of safety around celebrities whereby the proceeds of the sale of photographs taken within the bubble would be confiscated. Situations such as this one exist due to a lack of property rights. Roads, parks and other areas are made available to everyone by
When entrepreneurs and business owners and managers face difficulties in the market, it is rare for them to throw in the towel, blame the customer, increase prices and hope that the problem goes away. A business that does not live up to the expectations of the customer becomes marginalized and on the long run goes out of business. Because a
In a recession or a crisis, the right approach for individuals is to save. So too for the national economy. A looming recession will prompt a pullback in consumer spending as a rational response to the perception of economic troubles. This action does not cause the economy to fall into recession any more than more spending can save it from
[This article by Juan Ramón Rallo was first published on March 16th, 2009, in Spanish for the Instituto Juan de Mariana. I translated it with Rallo’s permission.] The awarding of the Nobel Prize in Economics to Paul Krugman has turned him into a kind of spiritual guide to managing the recovery from the current crisis. However, given that 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.