Ludwig von Mises’ The Theory of Money and Credit is, quite simply, one of the outstanding contributions to economic thought in the twentieth century. It came as the culmination and fulfillment of the “Austrian School” of economics, and yet, in so doing, founded a new school of thought of its
Introduction to The Politics of Obedience: The Discourse of Voluntary Servitude by Étienne de la Boétie, written 1552-53. Translated by Harry Kurz for the edition that carried Rothbard’s introduction, New York: Free Life Editions, 1975. The pagination in the footnotes refers to this 1975 edition. This online edition of Rothbard introduction
The Free Market 5, no. 8 (August 1987) The press is resounding with acclaim for the accession to Power of Alan Greenspan as chairman of the Fed; economists from right, left, and center weigh in with hosannas for Alan’s greatness, acumen, and unparalleled insights into the “numbers.” The only reservation seems to be that Alan might not enjoy the
The Free Market 5, no. 11 (November 1987) Empiricism without theory is a shaky reed on which to build a case for freedom. If a regulated airline system did not “work,” and a deregulated system seemed for a time to work well, what happens when the winds of data happen to blow the other way? In recent months, crowding, delays, a few dramatic
Letters from Ludwig von Mises and Murray N. Rothbard to Ayn Rand. Volume 21, Number 4 (2007) von Mises, Ludwig., and Murray N. Rothbard. “Mises and Rothbard Letters to Ayn Rand.” Journal of Libertarian Studies 21, No. 4 (2007):
Belying their seemingly chaotic diversity, all of modern fiction and modern criticism unite on at least one point: rejection of romanticism. The characteristic literature—and, indeed, art in general—of the twentieth century has been, broadly, either naturalist or nonobjective. Volume 21, Number 4 (2007) Rothbard, Murray N. “Romanticism and
Ever since Black, or Meltdown, Monday October 19th, the public has been deluged with irrelevant and contradictory explanations and advice from politicians, economists, financiers, and assorted pundits. Let’s try to sort out and rebut some of the nonsense about the nature, causes, and remedies for the crash. Myth One It was not a crash, but a
The Free Market 6, no. 2 (February 1988) The Marxists call it “impressionism”: taking social or economic trends of the last few weeks or months and assuming that they will last forever. The problem is not realizing that there are underlying economic laws at work. Impressionism has always been rampant; and never more so than in public discussion of
The Free Market 6, no. 3 (March 1988) The hottest new topic in mathematics, physics, and allied sciences is “chaos theory.” It is radical in its implications, but no one can accuse its practitioners of being anti- mathematical, since its highly complex math, including advanced computer graphics, is on the cutting edge of mathematical theory. In
[From The Essential von Mises ] Included in The Theory of Money and Credit were at least the rudiments of another magnificent accomplishment of Ludwig von Mises: the long-sought explanation for that mysterious and troubling economic phenomenon—the business cycle. Ever since the development of industry and the advanced market economy in the late
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.
