All Posts Tagged With: "Mises"

The Market Doesn’t Ration Health Care

Health care “reformers” say they have two objectives: to enable the uninsured and underinsured to consume more medical services than they consume now and to keep the prices of those services from rising, as they have been, faster than the prices of other goods and services. Unfortunately, Economics 101 tells us that to accomplish those [...]

24Feb2010 | Sheldon Richman | 9 comments | Continued

Unintended Consequences

In two earlier Freeman essays, I explored the idea that “ought implies can” and the role of profits in providing knowledge about how best to serve others. Both insights rely on the foundational idea that intentions and results are not the same thing. Thinking we ought to do something does not mean it will have [...]

24Feb2010 | Steven Horwitz | 31 comments | Continued

Invisible Hands: The Businessmen’s Crusade Against the New Deal

“He who wants to improve conditions must propagate a new mentality, not merely a new institution.” –Ludwig von Mises, New York Times, January 1942 Invisible Hands by Kim Phillips-Fein, professor of American history at New York University’s Gallatin School, is a well-researched and thorough account of resistance to government economic domination. It’s also a veritable [...]

24Feb2010 | Bettina Bien Greaves | 3 comments | Continued

How Much Money Does an Economy Need?

In How Much Money Does an Economy Need? Hunter Lewis addresses some of the most fundamental questions of monetary policy in a question-and-answer format. For a subject often clouded by technicalities, the language is refreshingly plain. Sometimes too plain, perhaps, to satisfy an academic economist. But academic economists aren’t the intended audience. The book can [...]

15Oct2009 | Lawrence H. White | 1 comment | Continued

Human Action Turns 60!

Featuring: Kirzner, Greaves, Boettke, Leeson, Hazlitt, and more! TheFreemanOnline.org

20Aug2009 | Sheldon Richman | 2 comments | Continued

A Crisis of Political Economy

The current state and the current banking sector require each other. They are so reciprocally intertwined that each is an extension of the other.

Remember this the next time somebody tells you, as New York Times columnist Bob Herbert did, that “free market madmen” caused the current financial crisis that is threatening to undermine the global economy. There is no free market. There is no “laissez-faire capitalism.” The government has been deeply involved in setting the parameters for market relations for eons; in fact, genuine “laissez-faire capitalism” has never existed. Yes, trade may have been less regulated in the nineteenth century, but not even the so-called Gilded Age featured “unfettered” markets.

24Apr2009 | Chris Matthew Sciabarra | 6 comments | Continued

Kirzner on Mises in WSJ

Ludwig von Mises via Israel Kirzner made the Wall Street Journal’s “Notable & Quotable” today: Economist Israel Kirzner writing on Ludwig von Mises in his 2001 book on the late Austrian economist:Mises is most emphatic in laying at the door of governmentally installed central banks the ultimate responsibility for the distortions (and eventually the depressions) [...]

26Mar2009 | Sheldon Richman | 0 comments | Continued

Ludwig von Mises: Political Realist

Here’s Ludwig von Mises, in Human Action (4th rev. ed., 793), writing about what governments–and individuals–can and cannot do during economic crises: We may admit that for the British and American governments in the ‘thirties no way was left other than that of currency devaluation, inflation and credit expansion, unbalanced budgets, and deficit spending. Governments [...]

21Jan2009 | Sheldon Richman | 0 comments | Continued

TGIF: Inflation as Income Distribution

The Federal Reserve has been pumping hundreds of billions of newly created dollars into “the economy.” Much of that money has been sent to Wall Street to bailout large, struggling firms. But that’s just the beginning. President-elect Obama says that since he needs to “stimulate the economy” we can look forward to trillion-dollar budget deficits [...]

9Jan2009 | Sheldon Richman | 0 comments | Continued

A Festschrift for Doctor Mises

Miss Bien is a member of the staff of the Foundation for Economic Education. A milestone in the world of libertarian literature has just been passed. This event was the publication of a collection of essays, a Festschrift in tribute to Ludwig von Mises. Some of the world’s most renowned economists and leading liberal thinkers [...]

1Apr1956 | Bettina Bien Greaves | 0 comments | Continued
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