Was George Stigler sympathetic to the Austrian school? Lachmann doesn’t think so because Stigler was a favorite student of Knight. Austrians should have dealt with Keynes, instead they quarreled with Knight. What policies do Austrians pursue? Those that favor the market. Is Milton Friedman an Austrian? Austrians agree with whatever Friedman says
We tend to think of economics as a sterile, number-clotted discipline, but most of the great economists have antagonized the received wisdom of their day. There wouldn’t be an economics profession if some of the great truths weren’t contrary to intuition. Adam Smith started the whole story by noting that the pursuit of naked individual
The Free Market 26, no. 4 (April 2005) Has academia become so politicized that teaching good economics, and using politically sensitive illustrations, can lead to threats, fines, penalties, demotion and worse? It certainly seemed so in early February when Hans-Hermann Hoppe, a leading student of Murray Rothbard and senior fellow of the Mises
The Free Market 26, no. 4 (April 2005) Our image of Svengali derives from a 1894 novel by George Du Maurier (Trilby) that tells of a hypnotist who exercised psychological power over a woman. Insofar as Svengali is in control, she can sing beautifully. But when he is not around, she is reduced to barely functioning at all. Svengali himself
The Free Market 26, no. 9 (September 2005) I f you are like me, you love Austrian economics—the logic, the rigor, the explanatory power. But we all know that this is not the usual approach to economics taken at the university level. If you can’t attend the Mises University, where can you go to study the subject systematically? Over the summer, I
The Free Market 26, no. 10 (October 2005) T he Mises Institute has worked for more than two decades to advance one purpose: the cause of economic freedom in academia and public life. The two comments on our work that I hear most often are: (1) you guys are doing a great job, and (2) it is not working. On the first point, I can only thank
A few days ago, the supposedly politically independent Swedish government agency Skolverket (the Agency for Education)published a report which showed that private schools are more efficent —their students perform better at lower costs— than public schools and moreover that the presence of private schools in one locality improves the efficency of
There is a program at the School of Journalism of New York University called Business and Economic Reporting. Now, you don’t have to be Austrian to deplore the state of literacy in economics in most reporting that bears on the subject, so it’s good to see that such a subject has received the attention implied by the establishment of a defined
Rosamaria Bitetti spent the summer in the US attending various seminars. She wrote this article providing helpful and interesting tips for fellow Italian students. Translation by David Perazzoni: August is coming to a close, and the moment is looming when the playfulness of the summer must give way to the usual drudgery of everyday life. Students
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.