Category Archive: 6b) Austrian Economics

Filter archive by: Show All Show only Articles Show only Videos

Classical Liberal Roots of the Marxist Doctrine of Classes

2024-04-17

by

2024-04-17

Few ideas are as closely associated with Marxism as the concepts of class and class conflict. It is, for instance, impossible to imagine what a Marxist philosophy of history or a Marxist revolutionary theory would be in their absence. Yet, as with much else in Marxism, these concepts remain ambiguous and contradictory. For instance, while Marxist doctrine supposedly grounds classes in the process of production, The Communist Manifesto asserts in...

Read More »

Murray Rothbard Understood the Importance of Self-Ownership

2024-04-17

by

2024-04-17

In Aristotle’s well-known Ethics, he poses an age-old question: Can reasoning guide action, and should it direct our way of living? Unfortunately, this question loses its relevancy when put in the context of coercive governments, not unlike our own twenty-first-century American government which is hypervigilant and ever present in many aspects of our lives, including our education. What autonomy are people left with for the formation of reasoning...

Read More »

A Message from the Great Dr. Ron Paul

2024-04-17

by

2024-04-17

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...

Read More »

How Court Historians Turn Political Villains into Heroes

2024-04-17

by

2024-04-17

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...

Read More »

A Day in the Life of a “Foreign Adversary Controlled” Application

2024-04-17

by

2024-04-17

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...

Read More »

Is Anyone Smart Enough to use Inflation & the Public Debt to Manage the Economy?

2024-04-17

by

2024-04-17

Last week I posted something on how business confidence affects capital investment. Many factors may affect business confidence. The psychological mindset of business owners might change on its own. Public policies may affect business confidence too. Scholars at the University of Chicago developed an economic policy uncertainty index, which estimates our felt ambiguity regarding public policies1. The next graph depicts lagged effects of year over...

Read More »

What are Mises’s Six Lessons?

2024-04-17

by

2024-04-17

Ludwig von Mises’s Economic Policy: Thoughts for Today and Tomorrow has become quite popular recently. The Mises Book Store has sold out of its physical copies, and the PDF, which is available online for free, has seen over 50,000 downloads in the past few days.This surge in interest in Mises’s ideas was started by UFC fighter Renato Moicano, who declared in a short post-fight victory speech, “I love America, I love the Constitution...I want to...

Read More »

Iran’s Attack on Israel Provides an Opportunity to De-escalate

2024-04-17

by

2024-04-17

Over the weekend, the Iranian military launched hundreds of drones and missiles toward Israel. Israeli, American, and Jordanian air defenses reportedly intercepted and shot down almost everything Iran fired. One child from a Bedouin village in southern Israel was hurt by shrapnel falling from an intercepted missile, and an Israeli air base in the Negev Desert—also in southern Israel—sustained some structural damage.This attack was the widely...

Read More »

Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression

2024-04-16

by

2024-04-16

One of the great myths of US history is that Herbert Hoover was a laissez-faire president. In truth, he intervened in the economy more than any of his predecessors, creating the crisis known as the Great Depression. His successor made things even worse.

Read More »

Frédéric Bastiat Was a Radical Opponent of War and Militarism

2024-04-16

by

2024-04-16

Frédéric Bastiat is well known for his radical free-market positions as expressed in his still-famous book The Law and in insightful essays such as "That Which Is Seen and That Which Is Not Seen." Joseph Schumpeter called Bastiat "the most brilliant economic journalist who ever lived."

Read More »

Millennials: In Costco We Trust

2024-04-16

by

2024-04-16

When the latest CPI number came in hot at 0.4% for March and the annual core CPI inflation rate held at 3.8%, Betsey Stevenson, professor of economics at the University of Michigan appearing on CNBC’s Squawk Box said nonchalantly “Three percent inflation is no big deal.”

Read More »

What Fed “Independence” Really Means

2024-04-16

by

2024-04-16

A recent undercover video interview with a Fed economist by a Daily Caller reporter contains explosive revelations about the profoundly anti-democratic doings of the Fed.    In the video, Federal Reserve principal economist Aurel Hizmo, a speech writer for Fed Chair Jerome Powell, reveals “classified information” about how Powell deliberately acted to undermine President Trump and expand Fed activities far beyond its legislated monetary policy...

Read More »

FISA Exchanges Real Liberty for Phantom Security

2024-04-16

by

2024-04-16

House Speaker Mike Johnson betrayed liberty and the Constitution by making a full-court press to get a “clean” reauthorization of Section 702 of the Foreign Intelligence Surveillance (FISA) Act through the House.

Read More »

Artificial Intelligence and Irrational Fears

2024-04-16

by

2024-04-16

Where’s Jerry Garcia of the Grateful Dead? Seriously, what list of the greatest rock guitarists of all time would not—could not—include him? Sure, I know the internet article was just some teaser to get me to mindlessly click through an ad-laden list.

Read More »

How States Think: The Rationality of Foreign Policy

2024-04-16

by

2024-04-16

There is little doubt that John Mearsheimer is one of the most prominent, and controversial, thinkers in the field of international relations alive today.

Read More »

Seditious Conspiracy: A Fake Crime and a Danger to Free Speech

2024-04-16

by

2024-04-16

"Over the past three years, the word sedition has again become popular among regime agents and their friends in the media. It's not the first time the word has been frequently used. In the American context, it's frequently employed whenever the ruling class wishes us to become hysterical about some real and imagined enemy, both domestic and foreign."This event was co-hosted by the Mises Institute and the Ron Paul Institute, and recorded...

Read More »

Is Private Property Simply a Racial or Social Construct?

2024-04-16

by

2024-04-16

In a 1964 article in the Yale Law Journal titled The New Property Charles Reich argued that “government largesse” is an increasingly important source of wealth and should thus be understood and regulated as a new form of property. Reich argued that “Property is a legal institution, the essence of which is the creation and protection of certain private rights in wealth of any kind” and that “Property is not a natural right but a deliberate...

Read More »

Required Reading: 25th Anniversary Rothbard Graduate Seminar

2024-04-15

by

2024-04-15

Listed and linked below are the readings that all students must complete before attending RGS. 

Read More »

Required Reading: 25th Anniversary Rothbard Graduate Seminar

2024-04-15

by

2024-04-15

Listed and linked below are the readings that all students must complete before attending RGS. All materials are available on Mises.org free of charge, and most readings are available in multiple formats (e.g., PDF, ePub, HTML, audio). Complimentary physical copies of the readings will be available to attendees upon arrival at RGS. Physical copies can be mailed in advance to U.S. addresses upon request by emailing [email protected]...

Read More »

End the Drug War in Oregon, Both State and Federal

2024-04-15

by

2024-04-15

Three years ago, in a citizen’s initiation approved by 3/4 of voters, Oregon decriminalized the possession of small amounts of illicit drugs. Last month, the Oregon governor signed into law a measure that undid what the people of Oregon had decided.

Read More »