Michael Oliver, the man who coined the term Anarcho-capitalism is interviewed on Jeff Berwick’s Anarchast . Oliver is now a market technician, but over 40 years ago he wrote a book: The New Libertarianism: Anarcho-Capitalism. In the book he shows that Ayn Rand’s objectivism needs the economics and political theory of Murray Rothbard. Oliver and
Continental record high skyscrapers have occurred in Europe and more recently in China and North America. Such regional or continental records indicate looming economic crisis as did happen in Europe and seems to be unfolding in China and North America. More recently we have learned that world record setting skyscrapers are planned for China and
Here is a short video that examines early forms of money such as metal and salt. Of special interest, it shows the transition from barter goods (such as axes) to transactions facilitated with miniature ax heads without handles or any use value. By creating miniature ax heads they created a money that was valuable and more divisible than the full
The latest GDP report for the first quarter can be reviewed here . GDP grew by only 1/10 of 1% in the first quarter. There were big negative reversals in both exports and equipment purchases from the 4th quarter of last year. The accumulation of inventories also was reduced, but is still accumulating rapidly indicating less of a need to add
Writing in Forbes , Bill Bonner notes that “the financial scam that every American falls for” is the one in which politicians promise to improve economic outcomes using politics. “Rare was the man,” he writes, “such as Robert Lucas or Murray Rothbard, who pointed out that you could not really improve economic results with political means.” He
Dr. Tracy Miller, an economist at Grove City College was a graduate student of Gary Becker at the University of Chicago. Dr. Miller provides a sketch of Becker’s contributions as well as some personal reminiscences of Becker as a professor: Unlike some other professors I had in graduate school, I never recall Becker using offensive language in the
The Washington Post explains that drug legalization in Colorado and Washington, along with Medical Marijuana Legalization in many other states has hurt the illegal marijuana growing business in northern Mexico. However, the Mexican drug cartels have been bailed out by America’s drug warriors who have cracked down on prescription pain killers.
Brian Simpson of National University provides a description of his two-volume book project on the Austrian Theory of the Business Cycle: ====================================================== Members of this list might be interested in the book I have recently completed. It’s a two-volume book on Austrian business cycle theory (ABCT). The main
This article published in the Monthly Review, March 2005 , meaning this year, not a century ago: “The only solution, as difficult as this may be to contemplate at the present time, is socialism; socialism, that is, as the socialist movement always meant it to be: revolutionary, democratic, egalitatarian, environmental, necessitating mass
The audio for my lecture last week is now online: “ On the Need to Raise Taxes in Alabama. “ (See also the schedule of this series, sign up for a local alert , and see the full media page
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.
