This article begins by contrasting the distinctive methodological starting points of Weber and Mises, and proceeds to review and discuss each thinker’s analysis of bureaucracy, both as a theoretical construct and as a dynamic element within a society’s structural and cultural organization. It finishes by assessing the scientific utility of Mises’s
A Glimpse of Reality by Thomas Sowell (Creators Syndicate): Competition means that there are winners and losers. When someone wins big, that is not a sign that the competitive process did not exist or had something wrong with it. Too many judges see the anti-trust laws as protecting competitors, instead of protecting competition as a process.The
There are a few things to keep in mind here. The SARS virus has been spreading in a communist country that has a very primitive and deplorable system of heath care, especially in the rural areas, where the epidemic is the worst. Also, the communists there have responded in a way that one would expect from people of such persuasion. While I am not
The decision by the New York Stock Exchange to oust Dick Grasso is a shameful one, in my opinion. Keep in mind that most of the pay packed was deferred compensation, as Grasso for years had not accepted all of his pay. In other words, the NYSE was paying Grasso back for money he basically had lent the exchange. Instead of being lauded for
Sounds as though the “free market” Bush Administration is trying to engage in deforestation of North America in its quest to expand the pages of the Federal Register . The saying that “the apple does not fall far from the tree” certainly holds when we compare the administrations of Bush I and Bush II. Posted by Bill
The Washington Times, which is basically a neocon paper, although it does give some play to free market writers, has once again tried to convice its readers that the steel tariffs have been good for the economy. The justification is this: the tariffs have not hurt us as badly as some people predicted. Yes, that is the justification, so help
Progressives — who religiously believe in the holiness and sanctity of the State — are forever lecturing the rest of us about capitalist “greed.” The capitalists, they tell us, have no compassion and no decency; they are interested only in money and will walk over anyone to get it. This recent story from Beaver, Pennsylvania , tells us about a
It seems that the madness among at least some economists is not abating. Harvard University apparently is vying with Princeton to see who can create the most outrageous policy prescriptions. While Paul Krugman has been leading the pack, it is disheartening to see Greg Mankiw (who at one time made sense once in a while and was George W. Bush’s
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.