The history of capitalism as it has operated in the last two hundred years in the realm of Western civilization is the record of a steady rise in the wage earners’ standard of living. The inherent mark of capitalism is that it is mass production for mass consumption directed by the most energetic and far-sighted individuals, unflaggingly aiming at
A popular fallacy considers entrepreneurial profit a reward for risk-taking. It looks upon the entrepreneur as a gambler who invests in a lottery after having weighed the favorable chances of winning a prize against the unfavorable chances of losing his stake. This opinion manifests itself most clearly in the description of stock-exchange
[ Economic Freedom and Interventionism (1980) ] Hace unos 60 años, Gabriel Tarde , el gran sociólogo francés, se ocupaba del problema de la popularización de los lujos. Una innovación industrial, apuntaba, entra en el mercado como la extravagancia de una élite antes de convertirse finalmente, paso a paso, en una necesidad de todos y cada uno y
[ The Anti-Capitalistic Mentality (1956) ] El mercado de los productos literarios El capitalismo proporciona a muchos la oportunidad de mostrar iniciativa. Mientras que la rigidez de una sociedad de estatus conlleva para todos la invariable repetición de la rutina y no tolera ninguna desviación de los patrones tradicionales de conducta, el
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.