Category Archive: 6b.) Mises.org

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Economic Stats Won’t Tell Us What Really Causes Recessions

2020-01-01

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2020-01-01

Most economists are of the view that by means of economic indicators it is possible to identify early signs of an upcoming recession or prosperity. What is the rationale behind this opinion? The National Bureau of Economic Research (NBER) introduced the economic indicators approach in the 1930s.

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Government, Business, and American Economic History, Part 2 | Murray N. Rothbard

2019-12-31

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The lecture was presented by Murray Rothbard at the 1990 Mises University. Recorded at Stanford University on July 8, 1990.

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Government, Business, and American Economic History, Part 1 | Murray N. Rothbard

2019-12-31

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The lecture was presented by Murray Rothbard at the 1990 Mises University. Recorded at Stanford University on July 8, 1990.

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How to Write and Understand History

2019-12-30

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2019-12-30

[Adapted from Chapter 2 of Human Action.] The study of all the data of experience concerning human action is the scope of history. The historian collects and critically sifts all available documents. On the ground of this evidence he approaches his genuine task.

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To Be Useful, Data Needs Theory

2019-12-29

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2019-12-29

For most so-called practical economists, information regarding the state of an economy is derived from data. Thus, if an economic statistic such as real gross domestic product or industrial production shows a visible increase, it is considered indicative of a strengthening of the economy. Conversely, a decline in the growth rate is regarded as weakening. It seems that by looking at the data one can ascertain economic conditions. Is this the case,...

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Doug French – Dad 2 Summit Event – Influencer – Coparent

2019-12-26

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When Doug started the Dad 2.0 summit 8 years ago, he didn’t anticipate the impact it would have. The conference is now the go to place to network with the top dad influencers, marketers, and a brands. The conference has hosted Michael Strahan, Dax Shepard, and more. They’ve paired dads with brands such as Dove, …

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How Today’s Central Bankers Threaten Civilization

2019-12-26

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2019-12-26

When I was asked to write an article about the impact of negative interest rates and negative yielding bonds, I thought it was a chance to look at the topic from a broader perspective. There have been lots of articles speculating about the possible implications and focusing on their impact in the short run, but it’s not very often that an analysis looks a bit further into the future, trying to connect money and its effect on society itself.

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Abolish the Office of the First Lady

2019-12-26

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2019-12-26

It's almost Christmas time again, and that means its time for White House politicians and staff to spend hundreds of thousands of dollars on Christmas decorations and events for the White House.

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Economics and the Revolt against Reason

2019-12-25

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2019-12-25

The Revolt Against Reason. It is true that some philosophers were ready to overrate the power of human reason. They believed that man can discover by ratiocination the final causes of cosmic events, the inherent ends the prime mover aims at in creating the universe and determining the course of its evolution.

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Episode 55 – Dr. Robert P. Murphy | What is Austrian Economics? | OPEC and Free Enterprise

2019-12-24

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Source: We got a chance to talk to Dr. Robert Murphy of the Institute for Energy Research today. Find more of Dr. Murphy’s work here: Bob Murphy Show – https://www.bobmurphyshow.com/ Contra Krugman – https://contrakrugman.com/ Dr. Murphy on Crude Oil Price Controls – http://journal.apee.org/index.php?title=ARTICLES_2018_Journal_of_Private_Enterprise_Vol_33_No_1_Spring_parte5

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The Origin and Nature of Money | Murray N. Rothbard

2019-12-24

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Murray N. Rothbard (Mises.org/Rothbard) lectures at the Mises Institute's "First Annual Advanced Instructional Conference in Austrian Economics" at Stanford University; June 21-27, 1987. Mises.org/MisesU87

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The Origin and Nature of Money | Murray N. Rothbard

2019-12-24

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Murray N. Rothbard (Mises.org/Rothbard) lectures at the Mises Institute’s “First Annual Advanced Instructional Conference in Austrian Economics” at Stanford University; June 21-27, 1987. Mises.org/MisesU87

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Failing to Emigrate Does Not Mean You Give Consent to the State

2019-12-24

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2019-12-24

Eric Nelson, a Professor Government at Harvard, has published this year a brilliant and imaginative book, The Theology of Liberalism (Harvard University Press, 2019). Nelson, it should be said, is no leftist, despite what you might expect from his Harvard affiliation. To the contrary, he is a conservative and favors, though not to the fullest extent, the free market and private property rights.

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The Pre-Misesians | Murray N. Rothbard

2019-12-23

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Murray N. Rothbard (Mises.org/Rothbard) presents the opening lecture at the Mises Institute's "First Annual Advanced Instructional Conference in Austrian Economics" at Stanford University; June 21-27, 1987. Mises.org/MisesU87

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The Pre-Misesians | Murray N. Rothbard

2019-12-23

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Murray N. Rothbard (Mises.org/Rothbard) presents the opening lecture at the Mises Institute’s “First Annual Advanced Instructional Conference in Austrian Economics” at Stanford University; June 21-27, 1987. Mises.org/MisesU87

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Good Economic Theory Focuses on Explanation, Not Prediction

2019-12-22

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2019-12-22

In order to establish the state of the economy, economists employ various theories. Yet what are the criteria for how they decide whether the theory employed is helpful in ascertaining the facts of reality? According to the popular way of thinking, our knowledge of the world of economics is elusive — it is not possible to ascertain how the world of economics really works.

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Marx and Left Revolutionary Hegelianism

2019-12-22

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2019-12-22

[This article is excerpted from volume 2, chapter 11 of An Austrian Perspective on the History of Economic Thought (1995).] Hegel's death in 1831 inevitably ushered in a new and very different era in the history of Hegelianism. Hegel was supposed to bring about the end of history, but now Hegel was dead, and history continued to march on. So if Hegel himself was not the final culmination of history, then perhaps the Prussian state of Friedrich...

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Consumer Preferences Are Harder to Measure than the Behavioral Economists Think

2019-12-21

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2019-12-21

A recent paper in the Journal of Consumer Psychology (JCP) has started a debate on the accuracy of "loss aversion," the idea that people are driven by fear of losses more than they are by the potential for gain. Core to behavioral economics, this idea has been rather universally accepted and been part of the awarding of two economics Nobel Prizes, in 2002 to Daniel Kahneman and in 2017 to Richard Thaler.

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Where’s the Inflation? It’s in Stocks, Real Estate, and Higher Ed

2019-12-19

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2019-12-19

Increases in Spending and Prices 2009 through 2018
In my days before I worked for the Mises Institute, I had a colleague who knew I associated with Austrian-School economists. In the wake of the bailouts and quantitative easing that followed the 2008 financial crisis, he'd sometimes crack "where's all that inflation you Austrians keep talking about?"

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Episode 352: How to Think About the Economy w/ Per Bylund

2019-12-18

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44 Minutes Suitable for All Ages Pete welcomes Associate Professor Per Bylund to the show. Per is a Fellow at the Mises Institute and Associate Professor of Entrepreneurship at Oklahoma State University. Per is going to give a primer on production and demand. He answers the question as to whether demand drives production and innovation, …

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