Mises Search

A basic principle of Austrian economics is that the originary rate of interest (the rate of discount of future goods compared to present, otherwise identical, goods) can never be negative. The reason for this arises not because capital is productive, nor out of man’s psychology. Nevertheless, in spite of the foregoing, there are many benighted

Were a government to demand the sacrifice of 46,700 citizens’ each year, there is no doubt that an outraged public would revolt. If an organized religion were to plan the immolation of 523,335 of the faithful in a decade,’ there is no question that it would be toppled. Were there a Manson-type cult that murdered 790 people to celebrate Memorial

Walter Block On Yeager’s “Why Subjectivism?” Acrobat PDFWriter 3.02 for Windows

We are all familiar with the process of discounting the future. From the earliest courses in economics we are taught that money receivable right now is not the equivalent of money receivable one year hence; that money receivable one year from now is not equivalent to money which will fall in to our clutches after a period of two years. And not

David Osterfeld VENTURA Adobe Acrobat 6.0 Paper Capture Plug-in

DT Armentano A Critique of Mainstream and Austrian Theories of Monopoly Adobe Acrobat 6.0 Paper Capture Plug-in

Israel M. Kirzner VENTURA Adobe Acrobat 6.0 Paper Capture Plug-in

administrator diskeynes4.doc Adobe Acrobat 6.0 Paper Capture Plug-in

This is an essay which takes as its jumping off point the free enterprise system. It then attempts to evaluate the contributions of four distinguished scholars to monetary theory in general, and to an evaluation of the gold standard in particular. I take for granted the general case for markets, competition, economic freedom. The four individuals

Walter Block and Hans-Hermann Hoppe On Property and Exploitation Acrobat Distiller 4.05 for Windows