One reason I so loved Murray Rothbard was his ability to pick out that which was blindly hailed by the mainstream, critically examine it, and produce unique and honest insight as to the real nature of such. In his Economic Thought Before Adam Smith , in an essay titled “Physiocracy in mid-eighteenth century France,” he presents some great insight
There are a legion of stories of the demise of accounting in corporate America running around out there—loose and undaunted, and perhaps somewhat exaggerated. As one corporate accounting bungle after another makes its way to the top of the headlines, the media reports on them as if detailing out a home brewing recipe. Accounting snafus are not
Oftentimes, Peter Drucker’s philosophy on business ethics and corporate social responsibility has been misrepresented to attempt to support the modern, Ivy League-MBA version of the stakeholder theory. Drucker is most certainly not perfect, but always interesting. Indeed he placed emphasis on normative standards within business practice,
Maybe. On behalf of the Free Enterprise Fund, Mr. Starr is challenging the burdensome and tyrannical Sarbanes-Oxley Act. Of course, the Public Company Accounting Oversight Board is an absolute monster given that it has the powers of subpoena and disciplinary action. Starr & Company are challenging the powers of this board as a violation of “the
New House Speaker Nancy Pelosi has put the 2002 Sarbanes-Oxley (SOX) regulatory monster at the top of her list of things to tackle in January 2007. Well wait, isn’t this exactly what the Dems are in favor of? A massive regulatory state that hogties big business? Not if your most financially supportive constituents are being hurt by such
From Jason Hollon comes an interesting quote on Sarbanes-Oxley that made it to the mainstream Business Week (pay only): (BusinessWeek, January 23, 2006). Maria Bartiromo interviewing Steve Schwarzman of Blackstone Group: Q: The buyout boom in the ‘80s was fueled by opportunistic buyers of broken companies. But today corporations are lean and flush
Jim Cook has an outstanding column that posted today , wherein he notes Mises and Drucker: Financing Excess A lot has been written recently about the late Peter Drucker, who passed away in November. For many years Mr. Drucker was the preeminent authority on business management. He wrote 35 books, including his groundbreaking Practice of
The housing market is a total debacle right now. People with no-interest or ARM (adjustable rates) loans are falling by the wayside; foreclosures are at an all-time high; new housing starts are sinking, with many new construction projects being abandoned before finishing; houses (new or used) aren’t selling so hot; and market values are plummeting
Thanks to Sarbanes-Oxley, In 2005, 23 of 24 firms that raised over $1 billion in capital didn’t register in U.S. markets, according to the New York Stock Exchange. Of the 129 companies listed with the London Stock Exchange last year, only 6 listed on the NYSE and 14 on Nasdaq. Ninety percent of companies that chose London over New York said Sarbox
“All hail ticket scalpers.” No, that doesn’t come from a libertarian. It comes from a sportswriter . Jim Caple says: Scalpers generally are portrayed as a seedy bunch of grifters only a few steps up the food chain from child pornographers, fantasy football participants and Pete Rose’s circle of friends. I don’t see it that way, though. Rather than
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.