This article from the Quarterly Journal of Austrian Economics is an appreciation of economist B.R. Shenoy by Sandeep Prakash. Bellikoth Ragunath Shenoy was an Indian economist and teacher who produced many essays on Indian economic policy. Scholars of economic thought have neglected the importance of his work. In this essay I develop an analysis
10. New polls indicate that 83% of Americans are in favor of legalized medical marijuana, 58% are in favor of legalized recreational marijuana. 9. Study shows that pot smokers are skinnier. 8. It was scientifically confirmed that chemicals in marijuana kill certain deadly cancer cells. 7. Low potency marijuana helps kids with debilitating
Gary Wolfram writes a New Year’s outlook about Mises’s message of peace and cooperation. He notes that Mises understood the coming of the Great Depression and WWII in his classic book Liberalism because he saw the nations of the world moving away from liberalism and towards various sorts of socialism. Mises wrote Liberalism to convince the world
In this 1983 lecture, Ralph Raico teaches a Cato Summer Seminar group the history of World War I, the Great Depression, and World War II. He offers an in-depth look at the conditions which led to both wars and the ways in which governments throughout the 20th century have used war powers to justify and fuel their expansion. [Editor’s Note:
I have written about the housing bubble in Norway here , here , and here . Reuters reports that housing prices in Norway are finally expected to fall in 2014, but not by much. Their report indicates little chance of a big crash. “It’s highly unlikely that we’ll see a big drop in housing prices in 2014,” Dryer said. “In the first quarter we should
In my Mises Daily “A End to Austerity” I refer to a study that estimates that eliminating the job of one regulator causes a surprising large number of job to be created and a large increase in GDP. Here is a link to that study. REGULATORY EXPENDITURES, ECONOMIC GROWTH AND JOBS: AN EMPIRICAL STUDY Abstract: With a sluggish economy, high
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Bernie Quigley at The Hill predicts that in 2014: Ron Paul rises to senior mentor, with conservatives advancing a libertarian perspective and Austrian economics and bringing conservatives new thinking and new outlook as military issues rise in Asia.
The Daily Caller reports : Ron Paul is not a fan of Janet Yellen, the newly confirmed Chair of the Federal Reserve, but he told The Daily Caller Monday she is nowhere near as flawed as the system she is about to take over. “She’s worse than average,” the former Texas congressman told The Daily Caller in a phone interview shortly after the Senate
Amazing! According to a Reuters Report , President of the Federal Reserve Bank of New York William Dudley admitted that the Fed does not know how Quantitative Easing policies work to help the economy and that they don’t have a well developed model of the economy that incorporates a “realistic” financial sector. Yet “we still don’t have
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.
