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[ Mises Daily , March 9, 2004] With the economics of employment and unemployment constantly discussed on the business pages and political campaigns, let us turn our attention toward fundamentals and root out some fallacies. If the media tell us that “the opening of XYZ mill has created 1,000 new Jobs,” we give a cheer. When the ABC company closes

Once upon a time, long, long ago, in a faraway place (actually, a contrary-to-fact made-up one), there lived a group of human beings without benefit of government. Any government at all. How did they manage? Well, whenever there was a dispute between two neighbors, or friends, or merchants, or between a retailer and a customer, the plaintiff and

At the Mises University this year, I was again impressed at the depth of questions I received from students. They were seeking not only intellectual direction but also career advice. After all, the real world isn’t only about ideas. It is also about finding your way in an often hostile professional environment. Consider first the progress we’ve

Here I was, sitting in my office at Loyola University, New Orleans, where I teach economics, very busy doing what I take to be the Lord’s work, and something unlikely as a wind on steroids rends asunder my work and life. It presented denizens of New Orleans with a stark choice. Evacuate at great inconvenience and run the risk that the oncoming bad

Before Katrina and her aftermath played havoc with my fall semester 2005, I had been, like thousands of other people beside myself over the years, a regular visitor at the Mises Institute.  Perhaps my attendance there was more assiduous than most, since I participated regularly in the Austrian Scholars’ Conferences, the Mises University, and

Milton Friedman died today at age 94. May he rest in peace. I don’t want to discuss the Reagan and Thatcher “revolutions” he supposedly inspired. Nor his “Free to Choose” series, his many years with the University of Chicago and the Hoover Institution, or his Nobel Prize in Economics. These will be covered, I expect, by others, and in great

I have of late become embroiled with a colleague and friend of mine who shall remain nameless in order to protect the guilty. My advice to my very best students, the ones who are bright and, more important, have been really bitten by the Austro-libertarian bug thanks to both our efforts and those of our several other colleagues, is to major in

Writing this introduction is a labor of love for me. You know how women sometimes say to each other “This dress is you! “? Well, this book is me! This was the first book on economics that just jumped out and grabbed me. I had read a few before, but they were boring. Very boring. Did I mention boring? In sharp contrast, Economics in One Lesson

[Introduction to The Privatization of Roads and Highways . Walter Block writes, “This book is dedicated to my fellow Americans, some 40,000 of them per year who have died needlessly in traffic fatalities. It is my sincere hope and expectation that under a system of private roads and highways in the future, that this number may be radically

[This article is excerpted from The Privatization of Roads and Highways .]   Although I shall be criticizing you, even severely, please do not take this amiss. I mean your organization no harm. Quite the contrary. My two children, in their early twenties, are both new drivers. I would suffer more than I can tell you if anything were to happen to