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September 2019 marks 70 years since the appearance of Ludwig von Mises’s Human Action: A Treatise on Economics, one of the truly great “classics” of modern economics. Too often a “classic” means a famous book ...
At any moment in time, the world seems to be going to hell in a handbasket. Manners are missing; ethics are being eliminated; culture is corrupted; social attitudes are supercilious; virtues are vanishing; literature is mostly licentious; industry and ...
For almost 200 years there have been two political movements in opposition to the liberal political philosophy of individual liberty, free markets, and constitutionally limited government: socialism and nationalism. They both have called for reducing the individual to a ...
Wherever we turn, there are some people who are busy telling the rest of us how we should live; with whom we should interact, and under what circumstances; how much we should be paid, and where and ...
Promises, promises, promises. It is the season for political promises. The candidates competing to be the Democratic Party candidate for president in 2020 are out in force trying to outbid each other with promised horns-of-plenty to any and all ...
What is America, and what does it represent? These seem to be relevant questions at a time of political discord and disagreement that appears to make peaceful and polite discussion almost impossible. Certainly, asking such questions is appropriate at ...
In The Constitution of Liberty, free-market economist and social philosopher F.A. Hayek, quotes in a footnote the famous nineteenth-century scientist Louis Pasteur: “In research, chance only helps those whose minds are well prepared for it.” What Pasteur was, no ...
This June marks the 45th anniversary of the revival of the Austrian School of Economics. During the week of June 15-22, 1974, the Institute for Humane Studies brought together about 50 people in South Royalton, Vermont to listen to ...
It seems that every generation or two, fundamental economic ideas are questioned and challenged. The reasonable and important idea that governments should balance their budgets on an annual basis was challenged in the 1930s by the rise of Keynesian ...
Since taking office in January 2017, President Donald Trump seems to have declared or threatened economic war on many of America’s leading economic trading partners, including China, the European Union, and most recently Mexico. Two things stand out in ...
