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Ludwig von Mises Institute Articles
May 9, 2008, 6:34 pm, 289755
All Keynesians conceive of the State as a great potential reservoir of benefits, ready to be tapped. The prime concern for the Keynesian is to decide on economic policy — what should be the economic ends of the State and what means should the State adopt to achieve them? The ...
May 9, 2008, 10:34 am, 289509
Gordon Wood's defense of objective history is salutary, and besides this, as one would expect from a historian of his eminence, he makes many illuminating remarks about concrete issues in American history. Despite its considerable merits, though, his book suffers from a fundamental flaw. He protests against ideologists who impose ...
May 8, 2008, 10:34 am, 288805
Let's pull this sentence out of the civic pieties of our time and see what's wrong with it: "We should all volunteer our time in charitable causes and give back to the community in a labor of love."
We can't argue with the instruction here, or the sentiment behind it. There ...
May 7, 2008, 10:34 am, 288139
It seems that we may never rid ourselves of the broken-window fallacy. it's not only that disasters just have a silver lining: economists have long believed that natural disasters and wars are actually good for the economy! Until recently they have not made any attempt to empirically test their views. ...
May 6, 2008, 10:34 am, 287399
If we had free world markets, food would be exported from some countries, such as the United States and Europe, where food is plentiful, to countries where it is needed. This is because it would be profitable to ship goods to needy areas like Africa, where shortages were making prices ...
May 5, 2008, 12:34 pm, 286836
May 5, 2008, 10:34 am, 286753
Part of the problem with being an economist — besides having to don sunglasses and a fake beard to avoid throngs of adoring fans and marriage proposals when out in public — is that once you think about a particular economic issue in a certain way, it's virtually impossible to ...
May 2, 2008, 6:34 pm, 285964
In this chapter of Human Action, Mises lays out the boundaries of economic calculation, and explains that within their sphere market prices render all the services needed of them. The tools of economic calculation are inappropriate, though, when people extrapolate into areas outside of the actual market. In particular, economic ...
May 2, 2008, 10:34 am, 285675
But can a libertarian periodical really survive, really stay useful, in the online age, in which libertarian commentary appears on hundreds of thousands of blogs, a time when libertarian websites multiply without end, when libertarian commentary is available in a million different places instantly?
The burden of proof is on the ...
May 2, 2008, 10:34 am, 285674
Contrary to the many articles and studies, the price mechanism in the nursing market is not malfunctioning. It is working in textbook-like fashion. The increasing demand for nurses is driving nursing compensation up, which in turn is bringing more nurses into the market. Such is not the stuff of shortages ...