Volume 4, Number 3; Fall 2001 This book is a long-awaited project among Austrian economists; some of the central contributions found in the book date back nearly a quarter of a century. The consensus of opinion is that it has been worth the wait and that the book is an important contribution to Austrian economics as well as to the
Volume 16, No. 4 (Winter 2013) ABSTRACT : Richard Cantillon is credited with the discovery of economic theory and was the first to fully consider the critical role of entrepreneurship in the economy. Cantillon described entrepreneurship as pervasive and he casted the entrepreneur with a pivotal role in the economy. Using a sample of models from
Volume 17, No.1 (Spring 2014) Mark Thornton Walter Block is at his finest when he subjects the most loathsome jobs and nastiest behaviors to logical libertarian scrutiny. Block’s Defending the Undefendable has needled and irritated an entire generation of readers and compelled many to re-examine long-held beliefs in favor of the logic of
Volume 16, No. 2 (Spring 2013) Over the last century America’s money—the dollar—has come to dominate the global monetary system. It is used not just by Americans, but is used in other countries, in the global black market, by importers and exporters, and is the primary reserve currency for central banks. This status is what the author rightly
Volume 13, Number 2; Summer 2010 Selgin (2009) offers a challenge to 100 percent reserve banking by noting that small change would be unprofitable with 100 percent reserve money. This minor challenge fails firstly because 100 percent reserve banking does not require 100 percent reserve money, only market determined money. Small change is shown
Volume 13, Number 3 (Fall 2010) A symposium was held in San Antonio, Texas at the Southern Economic Association convention in November of 2009. This issue consists largely of papers based on the lectures given at the symposium. During the symposium, the subject was the current economic crisis. Thornton, Mark. “Symposium Introduction: America’s
Volume 13, Number 3 (Fall 2010) Rothbard (1963) provides a compelling explanation of the Great Depression. He used the Austrian business cycle theory to show that the inflationary policies of the Federal Reserve caused a boom in the economy of the 1920’s that led to a bust in 1930. He then employed the Austrian theory of interventionism to show
The Free Market 32, no. 8 (August 2014) Mises Institute: Why were you invited to debate at Oxford? Mark Thornton: The Oxford Union can pretty much get whoever they want to debate, including presidents, prime ministers, Mother Theresa, the Dalai Lama, and even Julian Assange, so I was honored that they invited me. I met several students in the
The Free Market 32, no. 4 (April 2014) From CNN to Barron’s to Le Monde , Mark Thornton has been featured as an authority on how record-setting skyscrapers signal impending economic downturns. Last month, Dr. Thornton spoke with us about the Skyscraper Index and the Skyscraper Curse. Mises Institute: The Skyscraper Index, which shows a
Romain Hatchuel summarizes life in socialist France very well (” What’s French for ‘Economic Nonsense ‘?,” op-ed, March 29). I wrote this letter to the editor in response to the article. In “What’s French for ‘Economic Nonsense’” (March 29th) Romain Hatchuel laments France’s economic predicament of bloated government spending, very high national
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.
