I am pleased to report that my research on how drinkers earn more money is mentioned in this month’s Maxim . “Swill to Pay the Bills. Men who booze earn up to 17 percent higher pay than their teetotaling, would-never-show-up-in-yesterday’s-clothes coworkers.” Maxim Magazine , October 2011, p.43 Read the original research Edward Stringham, Hackley
Chris Westley recently asked a discussion group about “mainstream monetary economists who expressed doubts about conventional monetary tools over the last few years.” I recently saw Kris Mitchener of Santa Clara University present a paper “ The Great Depression as a Credit Boom Gone Wrong ,” which he coauthored with the eminent Berkeley economist
We have all heard that alcohol in moderation appears to offer health benefits , from reducing the risk of heart attack to even decreasing susceptibility to the common cold. And for the many people who consume alcohol, drinking sometimes has entertainment value, as well. But I live in North Carolina, where we have some of the highest beer taxes in
What does it take to bring about a well-functioning market? Almost all economists agree that people should engage in cooperative exchange rather than predation, theft, or fraud, but how to ensure this is a matter of debate. Many neoclassical economists follow Thomas Hobbes and focus on changing legal arrangements to solve prisoners’ dilemma
In today’s Wall Street Journal , Edward Stringham reviews Locked In by John F. Pfaff: Imagine if a business did not have to worry about convincing paying customers to choose its product and could stick non-customers with the bill. Bureaucracies like the Postal Service, Amtrak and the Department of Veteran Affairs have that luxury. But imagine
We’ve lived through another election season, and as with every election year, the candidates competed to tell us about all the ways they were going to use the power of government to make our lives better. Unfortunately, many voters appeared quite sympathetic to the idea that government action can improve living standards and generally make markets
The Association for Private Enterprise Education and the Market-Based Management Institute are proud to announce that ABC’s John Stossel will be on the panel of judges for this year’s Economic Communicators Contest . The panel will judge the contest’s three finalists at APEE’s Annual Conference to be held at Harrah’s Las Vegas Hotel & Casino April
I was pleased to be able to present this paper at the most recent Mises Circle in Las Vegas where I got to see some great people . The realm of law is usually the foundation of government, and the suggestion that central control be abandoned shocks most people as something impossible. Philosophers, from Hobbes to Rand, believe that for all
Most people argue that government enforcement of contracts is required otherwise a market cannot operate. For example, Douglass North argues that “complex contractingin a world of impersonal exchange must be accompanied by some kind of third-party enforcement.” The growing list of financial regulations are often supported by people hold such a
Dr. Ed Stringham, Mises Associated Scholar and speaker at our upcoming Boston Mises Circle , writes in the Wall Street Journal on why American’s faith in government law-enforcement is at a 20-year low: Ronald Reagan famously stated, “The nine most terrifying words in the English language are: I’m from the government and I’m here to help.” But
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.