A trope of contemporary social commentary is that “science” has somehow become “politicized,” such that people no longer trust or believe what is presented as the scientific consensus on important social, political, and economic issues. The most salient example until recently was climate change, where various scientific professionals,
I can’t recall the last time I heard something on National Public Radio in defense of savings but, there it was, in this morning’s Marketplace segment on Karen Petrou’s new book Engine of Inequality: The Fed and the Future of Wealth in America . Savings, Petrou asserts, are the “engine of wealth accumulation.” Petrou, whose work has been discussed
I met Murray in 1988 and I will never forget the experience. The story begins the previous year, as I was completing my bachelor’s degree in economics at the University of North Carolina and considering pursuing a PhD. I was familiar with Murray’s writings as a semicloseted Austrian in a mainstream economics program. I had seen an advertisement
Peter G Klein is Carl Menger Research Fellow of the Mises Institute and W.W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business. He is also senior research fellow at Baylor’s Baugh Center for Entrepreneurship and Free Enterprise and adjunct professor of strategy and management at the Norwegian School
The 2021 Nobel Prize in Economics has been awarded to Berkeley’s David Card, MIT’s Josh Angrist, and Stanford’s Guido Imbens for their work on “natural experiments,” a currently fashionable approach to estimating the causal impact of one economic variable on another. Card, of course, became famous in and outside the profession for his 1994 paper
“There never lived at the same time,” wrote Ludwig von Mises, “more than a score of men whose work contributed anything essential to economics.” One of those men was Carl Menger (1840–1921), Professor of Political Economy at the University of Vienna and founder of the Austrian school of economics. Menger’s pathbreaking Grundsätze der
Un tropo del comentario social contemporáneo es que la «ciencia» se ha «politizado» de algún modo, de modo que la gente ya no confía ni cree en lo que se presenta como el consenso científico sobre importantes cuestiones sociales, políticas y económicas. El ejemplo más destacado hasta hace poco era el del cambio climático, en el que varios
No recuerdo la última vez que escuché algo en la National Public Radio en defensa del ahorro, pero ahí estaba, en el segmento de Marketplace de esta mañana sobre el nuevo libro de Karen Petrou Engine of Inequality: The Fed and the Future of Wealth in America . El ahorro, afirma Petrou, es el «motor de la acumulación de la riqueza». Petrou, cuyo
Conocí a Murray en 1988 y nunca olvidaré la experiencia. La historia comienza el año anterior, cuando yo estaba terminando mi licenciatura en economía en la Universidad de Carolina del Norte y considerando la posibilidad de hacer un doctorado. Conocía los escritos de Murray como austriaco semidesconocido en un programa de economía convencional.
Peter G. Klein es investigador Carl Menger del Instituto Mises y catedrático y profesor de emprendimiento en la Hankamer School of Business de la Universidad de Baylor. También es investigador principal del Baugh Center for Entrepreneurship and Free Enterprise de Baylor y profesor adjunto de estrategia y gestión en la Norwegian School of
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.