Listen to the Audio Mises Wire version of this article. This week we celebrate the life of Murray N. Rothbard, born on the second of March 1926, a Tuesday, in the Bronx. And what a Bronx it was, teeming with brilliant intellectuals, dedicated Communists, and rock-solid middle-class Americans like David and Rae Rothbard. The family would later
The 2021 Nobel Prize in Economics has been awarded to Berkeley’s David Card, MIT’s Josh Angrist, and Stanford’s Guido Imbens for their work on “natural experiments,” a currently fashionable approach to estimating the causal impact of one economic variable on another. Card, of course, became famous in and outside the profession for his 1994 paper
Who hasn’t heard of the Industrial Revolution, the historical turning point that created modern society, for better or worse? Economist Donald Boudreaux has described this as the “hockey stick of human prosperity,” which launched the average person from subsistence to relative prosperity. Boudreaux credits the specialization and trade that
Today is the 24 th anniversary of Murray’s Rothbard’s death. What did he stand for? In an outstanding recent article , Lew Rockwell, one of Murray’s closest friends and the founder of the Mises Institute and LewRockwell.com, offers the best answer. Lew says: “If you want to understand Murray Rothbard, you need to keep one principle in mind. If you
It is manifestly contrary to the interest of the consumers to prevent the most efficient entrepreneurs from expanding the sphere of their activities up to the limit to which the public approves of their conduct of business by buying their products. ~Ludwig von Mises This month, Southwest Airlines lost one of their founders, the legendary Herb
Hedge fund titan Ray Dalio is just the latest billionaire to call for government to save us from guys like him. It’s not pretty. Dalio’s recent article titled “ Why and How Capitalism Needs to be Reformed “ is a mess, though to be clear it’s a thoroughly well-intentioned and heartfelt mess. It’s a mix of self-effacement (I’m just a lucky guy
May 29th marks the birthday in 1736 of Patrick Henry, America’s “Orator of Liberty.” His “ Give Me Liberty or Give Me Death “ speech in March 1775 was the spark that ignited the Revolution in Virginia, and continues to serve as a battle cry for all who seek to overthrow tyrants. But the influence of “The Voice of the Revolution” was greater than
Although students of Austrian economics are familiar with Mises, Hayek, and the other major figures of the school, there are many economists who worked in and around the Austrian tradition—and made crucial contributions to it—whose writings are today neglected. One of the most significant of these is the American Frank A. Fetter , the “ forgotten
[Jeff Deist recently gave a talk entitled Libertarian, Heal Thyself at a Mises Institute event in San Diego. The following is an excerpt from his remarks- Ed.] I’m sure many people in this room remember the late Harry Browne, who was an investment advisor and a great libertarian. In fact he was the Libertarian Party’s nominee for president in 1996
Say what you will about President Harry Truman, but at least he didn’t leave the White House a suspiciously rich man. He also actually went home , to Independence Missouri, and moved into a modest house he didn’t own. It was the same house belonging to his wife’s family where he had lived with Bess (and his mother-in-law!) decades earlier. Flat
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.