Libertarians are often skeptical about the idea of class struggle. This is no surprise, given how closely associated it is with Karl Marx. However, Marx did not originate the theory of class conflict, which was actually developed by the French liberals in the 19 th century. In fact, it was classical liberal intellectuals in France, England, and
The economic causes and consequences of immigration are among the most important issues facing the world today. Both pro- and anti-immigration advocates are digging in their heels, and both sides look increasingly unlikely to relent. Despite the bleak outlook, however, there is still hope for a peaceful and charitable discussion of the economics
Today’s Mises Daily outlines some of Mises’s ideas about the economics of immigration. As always, Mises is thoughtful and perceptive, and continues to offer fresh insight decades after his death. Mises wrote voluminously and on virtually every important topic in economics, so it’s unsurprising that not all his comments would fit in a short
Austrian economists are known for supporting free markets and criticizing government intervention. In fact, many people mistakenly think of Austrian economics as nothing more than a radical defense of free markets, though it’s really a framework for studying human action and its social implications . Still, you can usually spot free market
Alex Tabarrok has a fun post calculating the monetary value of a Powerball ticket. He estimates that, as of the most recent drawing, each $2 ticket carries an expected monetary value of roughly $2.73. Superficially then, it’s worthwhile to buy one. However, Tabarrok also points out this is only true for a simple expected value calculation; after
If we were to ask readers to list the most important Austrian economists, most people would probably name Menger, Mises, Hayek, and Rothbard. But probably very few would think to include Frank Albert Fetter (1863–1949) among the luminaries of the tradition. This is unfortunate, because Fetter’s work, although neglected, is actually the source of
Election season is that magical time when politicians compete to see who can make the most outrageous promises to the voting public. Whether it’s healthcare, college tuition, or border walls, every candidate has a plan for turning the nation into utopia. The trouble is, utopias are expensive, and getting votes means convincing voters they can get
No está claro qué pensaría Mises de cada una de las facetas de las actuales elecciones, pero podemos afirmar sin dudarlo que no apoyaría a ninguno de los dos candidatos principales. Debería ser obvio que Hillary Clinton y Donald Trump se oponen a prácticamente todos los principios del liberalismo clásico y la economía sólida. Por desgracia, la
Los libertarios suelen mostrarse escépticos ante la idea de la lucha de clases. No es de extrañar, dado lo estrechamente asociada que está a Karl Marx. Sin embargo, Marx no originó la teoría del conflicto de clases, que en realidad fue desarrollada por los liberales franceses en el siglo XIX. De hecho, fueron los intelectuales liberales clásicos
Las causas y consecuencias económicas de la inmigración están entre los temas más importantes que enfrenta hoy el mundo. Tanto los partidarios pro como antiinmigración se mantienen en sus trece y parece cada vez más improbable que alguno de los bandos se rinda. Sin embargo, a pesar del sombrío panorama, sigue habiendo esperanza de una discusión
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.