I was born on the lower East Side of New York and brought up on the lower West Side. (I bring in these facts as introduction to some ideas that may be of general interest, not as autobiography.) Of my earliest experiences I remember practically nothing. But, one incident does come to mind. My father, an immigrant who, like many others, took to
It may be that wary beasts of the forest come around to accepting the hunter’s trap as a necessary concomitant of foraging for food. At any rate, the presumably rational human animal has become so inured to political interventions that he cannot think of the making of a living without them; in all his economic calculations his first consideration
Wherever two boys swap tops for marbles, that is the marketplace. The simple barter, in terms of human happiness, is no different from a trade transaction involving banking operations, insurance, ships, railroads, wholesale and retail establishments; for in any case the effect and purpose of trade is to make up a lack of satisfactions. The boy
[This article is excerpted from chapter one of The Rise and Fall of Society .] It may be that wary beasts of the forest come around to accepting the hunter’s trap as a necessary concomitant of foraging for food. At any rate, the presumably rational human animal has become so inured to political interventions that he cannot think of the making of a
Nací en el Lower East Side de Nueva York y me crié en el Lower West Side . (Aporto estos datos como introducción a algunas ideas que pueden ser de interés general, no como autobiografía). De mis primeras experiencias no recuerdo prácticamente nada. Pero me viene a la mente un incidente. Mi padre, un inmigrante que, como muchos otros, se dedicó a
Dondequiera que dos niños cambien tapas por canicas, eso es el mercado. El simple trueque, en términos de felicidad humana, no difiere de una transacción comercial que implique operaciones bancarias, seguros, barcos, ferrocarriles, establecimientos de venta al por mayor y al por menor; pues en cualquier caso el efecto y el propósito del comercio
Este artículo es un extracto del capítulo 1 de « The Rise and Fall of Society ». Es posible que las fieras del bosque acepten la trampa del cazador como un elemento necesario para la búsqueda de alimentos. En cualquier caso, el animal humano presuntamente racional se ha acostumbrado tanto a las intervenciones políticas que no puede pensar en
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.