Over at the Beacon blog, Misesian Robert Higgs has posted a delightful and poignant retrospective on the development of modern Austrian economics in the artfully modified lyrics of Don McLean’s pop classic, American Pie
I highly recommend Robert Murphy’s insightful evaluation of Murray Rothbard’s Man Economy and State on the 50th anniversary of its publication. Murphy is one of the few commentators to recognize that one of Rothbard’s central contributions in MES was the complete reconstruction of neoclassical production theory. Indeed five of the twelve chapters
Paul Krugman’s jejune column querying Austrians on their view of money market mutual funds (MMMFs) — as if they have never thought or written about the subject — has been roundly skewered by Austrians here and here . But I have a question for Krugman: Why, Paul, would you be interested in the least about what Austrians think about anything? To
Well, not exactly his words, but this was the gist of George’s bizarre and irrelevant comment on Krugman’s column asking Austrians what their position is on money market mutual funds. In his haste to establish his mainstream bona fides to Krugman, however, George was blind to the fact that Krugman has been forced to recognize and address Austrian
If we want want laborers and employers to come together to discover and create value-productive jobs, then the prescription is simple: leave labor markets alone and let them churn. Bloomberg.com columnist Caroline Baum reports some interesting statistics drawn from the the Bureau of Labor Statistics’ job openings and labor turnovers survey, or
A Brooklyn bagel shop owner was assessed $1, 650 in fines by a New York City Health Inspector because–get ready for this–poppy and sesame seeds fall to the floor as he makes his bagels. Alex Gormakh, the owner and a recent immigrant from Russia, opened B & B Empire Bagel Cafe in June 2011. Gormakh’s deli passed inspections both before and after he
There was a lively and enlightening discussion this past Monday at NYU’s Colloquium on Market Institutions & Economic Processes (formerly named the Austrian Economics Colloquium), when Peter Klein presented an excerpt from his new book , Organizing Entrepreneurial Judgment , co-authored with Nicolai Foss and published by prestigious Cambridge
Kudos to Bob Murphy for his incisive exposé and demolition of Krugman’s statistical legerdemain in today’s Mises Daily. It is not only an enlightening piece but also a delightful read. I have one small but obtrusive nit to pick with Bob, however. Bob links to a blog post by Steve Horwitz, which he praises as “a good job explaining why Krugman’s
The relentless war against cash payments waged by governments worldwide has perhaps gone furthest in Scandinavia. The ostensible reason given by our rulers for suppressing cash is to keep society safe from terrorists, tax evaders, money launderers, drug cartels and sundry other villains, real or imagined. But the actual aim of the recent flood of
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.