I’ve written before on government attempts to stimulate entrepreneurship and innovation through subsidies, prizes, tax incentives, state-funded science parks and incubators, and similar policies. Both theory and evidence suggest that these programs are unlikely to be successful , for a variety of reasons. Government actors lack the information to
Intellectuals, particularly academic intellectuals, tend to favor socialism and interventionism. How was the American university transformed from a center of higher learning to an outpost for socialist-inspired culture and politics? As recently as the early 1950s, the typical American university professor held social and political views quite
The economy is now a networked economy. “Information goods” are becoming more important than traditional goods. Online businesses are a more substantial driving force than brick-and-mortar establishments. Some people even say that in this networked world centralized managerial hierarchies are obsolete; in the future, they will be replaced by
Studying economics usually makes one enthusiastic about business and skeptical of politics. Cooperation under commercial institutions is voluntary and wealth creating, while cooperation under political institutions is coercive and wealth reducing. Historically, however, the business firm and the state have been closely linked. Businesses, large
The US higher-education world has been rocked the last two years by student protests, “free-speech” controversies, and allegations of faculty misconduct at schools as diverse as Missouri , Yale , Middlebury , Berkeley , and Evergreen State College . You’ve all heard about safe spaces, microaggressions, intersectionality, snowflakes, claims that
Los intelectuales, en particular los académicos, tienden a favorecer el socialismo y el intervencionismo. ¿Cómo se transformó la universidad estadounidense de un centro de enseñanza superior a un puesto de avanzada para la cultura y la política de inspiración socialista? A principios de los años 50, el típico profesor universitario estadounidense
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.