Matt McCaffrey is an Austrian economist who is currently associate professor of entrepreneurship at the University of Manchester. He talks with Bob about American economist Frank Fetter, before moving on to a staple of his research: the connection between Chinese military history and entrepreneurship. Mentioned in the Episode and Other Links of
As banks — central and otherwise — falter and fail across the globe, it is increasingly obvious that the problems of monetary policy that we face run deeper than merely finding the correct adjustment to a Taylor rule . It is trite but nevertheless true to say that great monetary reforms are necessary. The purpose of this article is not to argue
The centenary of the First World War is drawing to a close, but if there is any justice in the world, the conflict will live in infamy for many centuries to come. Few events have captured as perfectly the death of peace and liberty and the triumph of militarism and statism as the Great War. It not only sent millions to the slaughter and
Valiant Hearts is the rare game that combines engaging gameplay with a compelling narrative and a strongly anti-war message. I highly encourage readers to give it a try, even if you’re not usually interested in gaming. It’s available for all the major platforms, some of which are now offering the first chapter free, so if you want, you can try it
Hope is in short supply these days, while despair and hate are enjoying an enormous surplus. To give an example, there are currently two types of stories that fill my news feed. The first are about politics and the perpetual horrors it unleashes on the world: there’s a new scandal every day, and war, protectionism, and nationalism are on the rise,
The First World War carries a special significance in the history of Austrian economics. It not only symbolized the triumph of militarism and nationalism over the all-too-brief flourishing of liberalism, but also sowed the seeds of fascism, socialism, and the Second World War that ultimately forced the emigration of the Austrians from their native
The period July to November this year marks the centenary of the Battle of Passchendaele. In a war already overflowing with misery, Passchendaele remains a byword for unspeakable suffering; it was one of the most appalling campaigns of the First World War, claiming almost half a million casualties and inflicting lifelong physical and psychological
Volume 16, No. 2 (Summer 2013) Authors, Ekelund and Price have produced an engrossing and informative study of the economic life and times of Edwin Chadwick. Scholars interested in economic policy and reform, the history of industrialization, and the history of economic thought will find much of interest here. McCaffrey, Matthew. Review of
The war on cash is now a global phenomenon : under the pretext of tracing criminal activity, governments everywhere are cracking down on commerce that isn’t monitored or controlled. However, the results of this war reveal its true purpose: tracking citizens and their taxable income . The war on cash is actually a war on commerce, or rather, on any
Austrians never tire of emphasizing Mises’ point that the entrepreneur is the driving force of the economy. But surprisingly, even though we write a lot about the theory and current practice of entrepreneurship, relatively little work has been done to apply the Austrian approach to economic history. For this reason, entrepreneurship scholars
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.