In the wake of the tsunami disaster in Indonesia, governments throughout the world are doing what governments always do: throwing money at the problem. In this case, the money is referred to as “foreign aid.” The billions of dollars (or the equivalent in other currencies) being sent to Indonesia, India, Sri Lanka, and other devastated areas are
In his newly-released federal budget President George W. Bush promises to reduce farm subsidies. Predictably, on the day the budget was made public there were well-choreographed “protests” by all the usual suspects, mostly millionaire corporate farmers camped out at the Mayflower or Four Seasons hotels in Washington, D.C. for a few days. The
Supply and demand have been allowed to work — at least in a limited way — in energy markets, resulting in ups and downs in gasoline prices. Strong demand coupled with regulatory supply restrictions that were worsened by several hurricanes caused gasoline prices to go up. Then as hurricane-damaged refineries were repaired, gas prices began to
The Free Market 26, no. 6 (June 2005) I n his newly-released federal budget, President George W. Bush promises to reduce farm subsidies. Predictably, on the day the budget was made public there were well-choreographed “protests” by all the usual suspects, mostly millionaire corporate farmers camped out at the Mayflower or Four Seasons hotels in
The Free Market 26, no. 12 (December 2005) Supply and demand have been allowed to work—at least in a limited way—in energy markets, resulting in ups and downs in gasoline prices. Strong demand coupled with regulatory supply restrictions that were worsened by several hurricanes caused gasoline prices to go up. Then as hurricane-damaged refineries
A little digging reveals that the American public health profession’s academic journals seem to be filled with articles on time preference and all kinds of diseases and ailments. I know that the Johns Hopkins School of Public Health, which is the top school in the field, requires a course or two in economics. Here’s one article: “ Obesity and the
Jon Utley tells me that the great German freedom fighter died last week in New York City at age 100. His 1939 work on National Socialist economics, The Vampire Economy , was important and courageous, and is still all too relevant. Guenter Reimann fought the varieties of socialism all his life. May he rest in
The objective of this article is to point out a relatively neglected aspect of at least some of Buchanan’s work, namely, its subjectivist roots. DiLorenzo, Thomas J. “The Subjectivist Roots of James Buchanan’s Economics.” The Review of Austrian Economics 4, (Fall 1990):
Se ha permitido que la oferta y la demanda funcionen —al menos de manera limitada— en los mercados energéticos, lo que ha dado lugar a altibajos en los precios de la gasolina. La fuerte demanda, junto con las restricciones reglamentarias de la oferta que se vieron agravadas por varios huracanes, provocaron un aumento de los precios de la gasolina.
[ Review of Austrian Economics , 1988, 2, pp. 59-72] La elección pública puede definirse como la aplicación de teoría y metodología económica al estudio de la política y sus instituciones, ampliamente definidas. La teoría neoclásica de los precios ha sido una de las principales herramientas para el teórico de la elección pública, habiéndola
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.