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  Volume 9, No. 4 (Winter 2006)   Joseph T. Salerno (2004) has presented us with the choice of pursuing economics as a vocation or profession. The focus of the vocational economist is the pursuit of truth whereas the professional economist works primarily to earn an income, enhance his reputation, or influence political decisions. This dichotomy

Volume 10, No. 2 (Summer 2007)   Tyler  Cowen  has two great aims in his new book on government arts funding. One is to explain the distinctions between what he calls the  aesthetic  perspective and the economic perspective. The other is to argue that the American system of indirect state subsidizing of the arts is superior to direct subsidy

The Free Market 20, no. 4 (April 2002)   In February of 1926, the US Senate Committee on Education and Labor and the US House Committee on Education were holding joint hearings investigating the desirability of a then-proposed US Department of Education. Princeton Seminary professor J. Gresham Machen was asked to give his thoughts regarding

The Free Market 31, no. 12 (December 2013)   Mary Sennholz, wife of Austrian economist Hans Sennholz and friend of Margit and Ludwig von Mises, recently spoke with Senior Fellow Jeffrey Herbener and Associated Scholar Shawn Ritenour about her long career as a writer and editor, and as a friend and colleague of many other giants of the Austrian

Volume 22, Number 2 (Summer 2002) Edward Stringham, Shawn Ritenour, and Peter Calcagno are interviewed about their experiences and study of the Austrian School.

“I champion an economic order ruled by free prices and markets...the only economic order compatible with human freedom.” Wilhelm Röpke devoted his scholarly career to combating collectivism in economic, social, and political theory. As a student and proponent of the Austrian School, he contributed to its theoretical structure and political vision,

The August 17, 1998 issue of Fortune features a paean to John Maynard Keynes by Paul Krugman entitled “Why Aren’t We All Keynesians Yet?” Here is my response: Paul Krugman’s column of August 17, 1998, “Why Aren’t We All Keynesians Yet?” is silly and discouraging. Under the general heading “No Free Lunch,” Krugman celebrates the 20th century’s

President Clinton’s proposed expansion of sex anti-discrimination statutes is based on economic fallacy, violates the freedom of contract, and fails to come to terms with the reality behind women’s voluntary choices in the labor market. Clinton proposes to permit “full compensatory and punitive” (read: envy-driven) damages for plaintiffs. He wants

Human Action in the Life of a Student Address given at The Ludwig von Mises Institute February 6, 1999 At the beginning of the fall semester last August, I was interviewed by our university’s school newspaper, The Omnibus . After the usual questions like, “Do you like it here in Bolivar” and “What courses do you teach?” the reporter asked me “Why

As fast as the speed of technological innovation, so is the rate at which antitrust regulators are inventing reasons for hampering entrepreneurship. The ink on Judge Jackson’s Microsoft decision was still damp when the Federal Trade Commission and Federal Communications Commission announced that they were investigating America Online (AOL) for