November 28 was the 119th anniversary of Henry Hazlitt’s birth. Hazlitt, once a member of the Mises Institute’s Board of Advisors, and a great financial benefactor to the Institute as well, is author of the ever-popular Economics in One Lesson . Here Bettina Bien Greaves discusses Hazlitt’s legacy: (Video Via EPJ
John Mackey, CEO of Whole Foods, who in 2009 credited Ludwig von Mises as perhaps the most influential economist in his thinking, is profiled in the Orange County Register : “If,” he said, “you ask what the purpose of a doctor is, no one answers that question by saying, ‘Well, the purpose of doctors is to maximize profits,’” No, he continued,
The French-language site Contrepoints published Ludwig von Mises’s 1932 essa y “The Myth of the Failure of Capitalism” in French last week: De nos jours, un sentiment quasi universel veut que la crise économique des dernières années marque la fin du capitalisme. Ce dernier aurait échoué, dit-on. Il se serait révélé incapable de remplir son rôle
Guest Post: Wilhelm von Humboldt’s ‘Calm Investigation of the Most Important Questions’ by Gary M. Galles When House Speaker Nancy Pelosi was asked about the constitutional authority for Obamacare, her reply was to incredulously repeat “Are you serious?,” echoed by her spokesman, who said, “You can put this on the record: That is not a serious
In this excerpt from Lecture 1 of “Santa Claus Economics”, Thomas DiLorenzo explains Ludwig von Mises’s views on the welfare state, and how it harms those it is meant to help. The 2nd lecture for this course is Sunday, 8 December. Enroll at
In my article entitled “The Liefare-Warfare State” on LewRockwell.com today I survey literature that shows that America’s wars have been wars of imperialism with the lone exception of the American Revolution. The War of 1812 was an attempt to conquer Canada; the Mexican-American War was conducted to steal California and New Mexico from Mexico;
You be the judge. Here are some quotations from Hayek’s most famous book: “We have progressively abandoned that freedom in economic affairs without which personal and political freedom has never existed in the past” (p. 67). “[I]ndividualism [means] respect for the individual man qua man, that is, the recognition of his own views and tastes as
One chapter of David Stockman’s new book, The Great Deformation: The Corruption of Capitalism in America ” that will be of special interest to Austrians is chapter 13 entitled “Milton Friedman’s Folly.” Here are a few snippets: “Friedman’s single variable-fixed money supply growth rule was basically academic poppycock” (p. 262). “[B]y unshackling
The president of the Minneapolis Fed, one Narayana Kocherlakota, decided to devote the entire 2012 Annual Report to not one but two interviews with . . . . . . . . himself. The interviews are a celebration of economic stupidity. A few excerpts: “Quantitative easing has the impact of pushing down on longer-tern interest rates. And that should
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.