Today is the 240th anniversary of the act of civil disobedience against taxation, corporatism, and colonialism known as the Boston Tea Party. The economics of the situation that precipitated the event were quite complex, however, and about more than a simple tax increase on tea. As noted here by Edmond Bradley , a monopoly over the tea trade had
In this episode of the Mises Academy Podcast, Tom Woods interviews Danny Sanchez, Director of Mises Academy, who explains Ludwig von Mises’ approach to economics. Here it is in Youtube
Associated Scholar Per Bylund writes: I just got a paper accepted for publication in the journal Managerial and Decision Economics . “Explaining Firm Emergence: Specialization, Transaction Costs, and the Integration Process” Abstract: This article explains firm emergence and the role of firms in the market structure using the productive power of
This week 84 years ago just 35 days after the stock market crash of 1929, the 400 room Baker Hotel opened at Mineral Wells in Palo Pinto County, Texas. The fourteen-story Baker Hotel was the first skyscraper built outside a metropolitan area. The hotel was only profitable during wars (there was a military base nearby) and during political
Mises.org readers were alerted to the housing bubble in Norway in January 2013 . It now appears that the bubble is starting to crash. Brokers have had to recalibrate after more than five years of a booming market where homes sold for as much as 50 percent above the asking price. During the peak, DNB Eiendom’s Dahl said she sold a property outside
The USA Today reports on the skyscraper building mania in New York City. Multiple building have been built or are under construction or planning that reach into the super skyscraper category although no new records heights are planned at this time. This seems like another indicator of the Skyscraper Curse. I explain the theoretical connection
[Editor’s Note: This is an old interview from the Harvard Political Review , reprinted here for the use of our readers and students.] Mark Thornton is an Austrian economist and senior fellow of the Ludwig von Mises Institute, a libertarian academic organization dedicated to scholarship of the Austrian School as inspired by Ludwig von Mises. In the
[I]t’s well past the time to raise a minimum wage that in real terms right now is below where it was when Harry Truman was in office. (Applause) This shouldn’t be an ideological question. It was Adam Smith, the father of free-market economics, who once said, “They who feed, clothe, and lodge the whole body of the people should have such a share of
This poll says that 72% of Americans now consider big government to be the biggest problem America faces, not big business or big labor. Austrian economists had long said that the battle against big government seems hopeless and then bang, the people wake up and you have an ideological revolution on your hands. HT:
We have been watching the Canadian Housing Bubble unfold for the last several years. Now someone is putting together a special fund to help wealthy Canadians hedge their bets against their real estate holding. The idea for the fund is based explicitly on the Austrian theory of the business
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.
