In Liberalism (p.115), Mises argued that “the state, the government, the laws must not in any way concern themselves with schooling or education, [which] must be left entirely to parents and to private associations and institutions.” The Private Academy project, founded under the umbrella of the Romanian Mises Institute in 2015, started out to do
Last week, the fall of Robert Mugabe’s regime made headlines across the world, and was greeted with relief and hope by international commentators as well as Zimbabweans. Overall, the general feeling was that of a new beginning, long awaited in a country that had been stuck for four decades under rampant inflation, corruption, and an oppressive
This article is also available as an Audio Mises Daily A selection from the Spring 2014 issue of The Quarterly Journal of Austrian Economics. Jean-Baptiste Say: Revolutionary, Entrepreneur, Economist. By Evert Schoorl, New York: Routledge. 210 pages. The present volume is a full-length biography of Jean-Baptiste Say, and presents a detailed
Volume 17, No.1 (Spring 2014) The present volume is a full-length biography of Jean-Baptiste Say, and presents a detailed account of the life and intellectual development of the founder of the French Liberal School. The author studies three important periods in Say’s life—his youth, his activity as an entrepreneur, and the later period of
Amidst news of the prolonged worldwide recession, new air strikes, secession attempts, and climate change, international trade — which in 2008 went through its largest crisis in history — has been mostly out of the public eye. Yet we’ve been told not to fear: the World Trade Organization, the foremost global body for promoting multilateral trade,
The WTO meets. Amidst news of the prolonged worldwide recession, new air strikes, secession attempts, and climate change, international trade—which in 2008 went through its largest crisis in history—has been mostly out of the public eye. Yet we’ve been told not to fear: the World Trade Organization, the foremost global body for promoting
New EU stimulus measures will begin next month with aggressive purchases of asset-backed securities and covered bonds, and will eventually increase the ECB balance sheet by approximately €1 trillion. Among their touted benefits—higher asset prices, increases in bank lending and employment, rivers of milk and honey—many expect an upswing in
Obama’s recent trip to Beijing revealed that China is ready to begin the operations of the Asian Infrastructure Investment Bank (AIIB)—another international financial institution in the dazzling panoply of development banks—as early as next year. The AIIB is supposed to finance infrastructure projects in the Asia-Pacific region, in the ballpark of
Once in a while, the gold standard makes a comeback in the public eye. Most recently it’s happened in connection to Steve Forbes’ book , Switzerland’s referendum , and the approaching mid-term elections in the US . Each time it’s a pleasant surprise, and a definite change of pace from otherwise grim news of war and higher taxes. And yet, the
In January 2014, 33 Russian rubles exchanged for one US dollar. In December 2014, the amount has more than doubled, reaching 77.2 rubles per dollar on December 16 th , a day some dubbed Russia’s Black Tuesday . Russian central bankers raised interest rates by 6.5% overnight, and spent $2 billion to stave off the depreciation. In total, propping up
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.