Economic discourse is desperately in need of Austrians. Note that I say Austrians rather than Austrian economics. Economics would certainly have much to gain from adopting Austrian economics, but even in the current “Austrian-less” state of economics they would benefit greatly from including Austrians. The reason for this is Austrians’ fascination
Volume 18, Number 1 (Spring 2015) Sweden and the Revival of the Capitalist Welfare State is the third updated (and first English) edition of Andreas Bergh’s well-researched book on the rise, fall, and return of the world-renowned Swedish welfare state. The work importantly traces the origins of the Swedish wonder, in which Sweden rose from being
The online tech and science magazine Verge recently published an essay on the economic and political impact of disruptive ride-sharing startup Uber: Uber can’t be stopped. So what happens next? Whereas one might expect an online tech magazine like Verge , itself part of a wave of disruptive publishing efforts, to be optimistic about innovative
Economics is dead, and economists killed it. What we have seen over the course of the last eighty years is a systematic dismantling of the contribution of economics to our understanding of the social world. Whatever the cause, modern economics is now not much more than formal modeling using mathematics dressed up in economics-sounding lingo. In
The state of New York has voted to raise the hourly minimum wage from $8.75 to $15 following fast food workers’ protests. Governor Andrew Cuomo and New York City mayor Bill de Blasio and their families will pitch in the additional $6.25 per hour to help support low-wage workers in the fast food industry. “This is just the beginning. We will not
The academic publishing house Taylor & Francis (a part of Routledge) is highlighting a number of economic theories by providing collections of journal articles from their extensive library with free access. Among these theories is the Austrian school, and T&F provides a free collection of 14 published articles from a number of different journals
It’s no news to Austrians that the world is suffering from a lack of economic understanding. With the sorry state of mainstream economics education, this economic illiteracy is an expected result. (And with the popular belief in large-scale, one-size-fits-all political solutions to [politically created] problems, dismissing economic sense is all
With Google’s dominance in the online search engine market we entered the Age of Free. Indeed, services offered online are nowadays expected to be offered at no cost. Which, of course, does not mean that there is no cost to it, only that the consumer doesn’t pay it. Early attempts financed the services with ads, but we soon saw a move toward
Mary King, a professor emerita of economics, writes an op-ed in the Oregonian with the title The economic case for a $15 minimum wage is good . I have no reason to think Professor King is intentionally misrepresenting or using smoke screens, but the op-ed does just that. The very first paragraph makes it clear that King is not talking about
Believe it or not, but there is a tax that I could support as libertarian. In fact, it’s a tax I even would want to see. Because it fixes the problem of underfinanced government budgets and it also aligns the voting populace with the risk of “investing” in government. The incentive problems with government are basically resolved by replacing the
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.