Ludwig von Mises and Free-Market Thinking
Mises is one of the greatest men who ever lived for his insights into what he called "human action."
Mises is one of the greatest men who ever lived for his insights into what he called "human action."
Austrians offer a distinct and valuable approach to basic economic questions, an approach that should be central to research on theoretical and applied topics in economics and business administration.
"The book takes the position that the most interesting problems of economic organization relate to the intersection of the entrepreneurial and capitalist functions."
"Without the capital accumulation of modern capitalism, people would not be living from paycheck to paycheck as workers, but from harvest to harvest as peasants."
The constitutional arrangement is far from perfect. But, at least if its provisions are obeyed, there is a barrier imposed on arbitrary and secret rule by one person.
The lesson of Mises and Hayek is clear: there is no substitute for the private ownership. Without it, economic calculation in a modern economy cannot take place.
"Zamyatin's book was the first to be banned by the newly created censorship board."
We, this satirical and heretical dystopian futurist book, ends by resolving whether or not the protagonist can find penultimate happiness in the co
In a few short hours, I was assaulted ten times with the demand that I display social consciousness.