Here is a link to the abstract of a peer-reviewed article in the American Journal of Agricultural Economics . (You may be able to download the full article. I could, from my university computer.) The abstract says, “It appears that news media and some pro-environmental organizations have the tendency to accentuate or even exaggerate the damage
I’ve just published a short book, Advanced Introduction to the Austrian School of Economics , which is designed to give people with some knowledge of economics an explanation of what ideas distinguish the Austrian school from mainstream economic thought. The paperback is relatively affordable ($22.36 if ordered on-line) . The book is much slimmer
Thomas Piketty’s book, Capital in the Twenty-First Century , has received lots of press and been reviewed dozens of times, so I’m not going to write a general review, but I do want to comment on his depiction of capital, contrasting it with a more Austrian approach. Piketty’s main conclusion is that the return on capital is greater then the
Interviewed by host Tom Woods, Mark Thornton discusses a recent article in the Financial Times, and why its recommendations for Fed policy will benefit the wealthiest at the expense of everyone else. Mp3, 25 minutes.
The ultimate thesis in Thomas Piketty’s best-selling Capitalism in the Twenty-First Century is that the return on capital is higher than the growth in output and wages, so the owners of capital will see their wealth, and therefore, incomes, rise faster than those who earn the bulk of their incomes through labor. The distribution of wealth and
Sometimes, a federal grant is worthless. The federal government has the ability to attach enough costly provisions to its grants that the net value is less than zero. A recent case in my home town of Tallahassee illustrates this. The Tallahassee Democrat , May 21, page A1 (sorry, no link because a subscription is required) reports that project
The Free Market 32, no. 7 (July 2014) Randall G. Holcombe recently spoke with the Mises Institute about his new textbook Advanced Introduction to the Austrian School of Economics , now available from Edward Elgar Publishing. Mises Institute: Why did you decide to write this book? Randall Holcombe: I received an inquiry from Edward Elgar, the
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.
