If there is one issue that pops up again and again in my conversations about economics with interested noneconomists, it is manufacturing. There’s a genuine concern about the state of manufacturing in the United States, and I am not sure of the reason why. It could be that there is an inchoate sense that manufacturing is dying here, given that so
Once upon a time, I developed a theory that we have much lower expectations for public-sector performance than we do for private-sector performance. We saw this in accounting standards that — when applied to Enron — resulted in market forces shutting that firm down, while the Department of Defense loses billions of dollars annually. The difference
“On a basic level, a job is the result of the mixing of capital and labor.” Why can’t everyone who wants a job, or a better job, just find one? In a perfect world, this would be the case. Sadly, the recently released employment figures for June indicate that the world in which we live is still far from perfect. Nationally, unemployment still
Do you remember when, Things were really hummin’, Yeaaaah, let’s twist again, Twistin’ time is here! So crooned that 1960s social philosopher, Chubby Checker, hoping to extend the popularity of the dance craze he started in a follow-up song urging the kiddies buying his music to do it again for another year. It was a successful twist on the Twist;
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.