The Free Market 24, no. 2 (February 2006) Most of the commentary on the ongoing propaganda campaign against Wal- Mart ignores what is probably the most important aspect of it: It is primarily a labor-union-inspired campaign against Wal-Mart employees, as well as the company in general. This is the essential truth of all union organizing
The Free Market 24, no. 6 (June 2006) The single most important tax reform of the 1980s was the indexation of the federal income tax to inflation and the reduction of the number of federal income tax brackets from fifteen to three. Prior to that, ordinary middle class workers were pushed up into higher and higher tax brackets by simply receiving
My graduate school professor and one-time George Mason University colleague, the Nobel laureate economist James M. Buchanan, has passed away at the age of 93. In a 1990 article in the Review of Austrian Economics I argued that many (or most) of Jim Buchanan’s most important contributions to public finance and public sector economics are rooted in
We hear from Roy Cordato that our old friend Bill Peterson passed away today at age 91. Bill was a student of Ludwig von Mises, having attended his NYU seminars and written his dissertation under Mises at NYU. He was a recipient of the Mises Institute’s Schlarbaum Prize for lifetime achievement several years ago. I first met Bill in the early
“Robert Morris’s nationalist vision was not confined to a strong central government, the power of the federal government to tax, and a massive pubic debt fastened permanently upon the taxpayers. Shortly after he assumed total economic power in Congress in the spring of 1781, Morris introduced a bill to create . . . the first central bank . . . the
“On the Inherent Instability of Apple Computer Products” by Bill Gates. “On the Inherent Instability of Microsoft Computer Products” by Steve Jobs. “On the Inherent Instability of Ford Automobiles” by co-authors from Chrysler, General Motors, and Toyota. “On the Inherent Instability of Chrysler, General Motors, and Toyota Automobiles” by the Ford
This article is also available as an Audio Mises Daily Thomas Jefferson, the author of America’s July 4, 1776 Declaration of Secession from the British empire, was a lifelong advocate of both the voluntary union of the free, independent, and sovereign states, and of the right of secession. “If there be any among us who would wish to dissolve this
A little digging reveals that the American public health profession’s academic journals seem to be filled with articles on time preference and all kinds of diseases and ailments. I know that the Johns Hopkins School of Public Health, which is the top school in the field, requires a course or two in economics. Here’s one article: “ Obesity and the
Jon Utley tells me that the great German freedom fighter died last week in New York City at age 100. His 1939 work on National Socialist economics, The Vampire Economy , was important and courageous, and is still all too relevant. Guenter Reimann fought the varieties of socialism all his life. May he rest in
If the idea of prices and wages is that they should clear the market, leaving neither shortages or surpluses, consider that Wal-Mart might be overpaying. According to ChicagoBusiness.com : “The new Wal-Mart Stores Inc. location opening Friday in suburban Evergreen Park received a record 25,000 applications for 325 positions, the highest for any
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.