It’s been almost 100 years since Mises literally wrote the book on socialism. His arguments against central economic planning, still acutely relevant today, have never been refuted—in theory or dismal practice. Joining the Human Action Podcast to discuss this monumental book is Dr. Shawn Ritenour , professor of economics at Grove City College and
The Free Market 16, no. ( 1998) No sooner is John Maynard Keynes declared irrelevant for modern economics than some establishment figure declares him the god of the age. It happened again, in the pages of Fortune Magazine (August 17, 1998). The writer was MIT’s Paul Krugman, one of the most famous economists alive. His article, “Why Aren’t We
Volume 8, No. 2 (Summer 2005) Symposium: On the Occasion of the Eighteenth Edition of Paul Samuelson’s Economics It is no wonder that the vast majority of Americans do not know whom, if anyone, they should believe regarding economic pronouncements. Much of the credit for this intellectual legacy can be laid at the feet of Paul A. Samuelson,
The August 17, 1998 issue of Fortune features a paean to John Maynard Keynes by Paul Krugman entitled “Why Aren’t We All Keynesians Yet?” Here is my response: Paul Krugman’s column of August 17, 1998, “Why Aren’t We All Keynesians Yet?” is silly and discouraging. Under the general heading “No Free Lunch,” Krugman celebrates the 20th century’s
In the wake of the financial panic and economic recession of 2008, numerous macroeconomic policies are being re-evaluated. Some economists argue that the crisis demonstrates a need to move away from Ben Bernanke-type discretionary monetary policy and instead adopt some monetary policy rule. One such proposed rule is nominal GDP (NGDP) targeting,
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.