The Ludwig von Mises Institute Archive
The Ludwig von Mises Institute was founded in 1982 as the research and educational center of classical liberalism, libertarian political theory, and the Austrian School of economics. It serves as the world's leading provider of educational materials, conferences, media, and literature in support of the tradition of thought represented by Ludwig von Mises and the school of thought he enlivened and carried forward during the 20th century, which has now blossomed into a massive international movement of students, professors, professionals, and people in all walks of life. It seeks a radical shift in the intellectual climate as the foundation for a renewal of the free and prosperous commonwealth. Email this author.
This post, written by Pepperdine University professor of economics Gary Galles, was originally published by the Ludwig von Mises Institute on Oct. 18. Jury duty garners complaints from those who have been drafted into service, but it seldom gets media attention. Other than when there is a celebrity involved (e.g., when Oprah Winfrey was chosen […]
This article, written by University of Louisville associate professor of economics Audrey D. Kline, Ph.D., was originally printed by the Ludwig von Mises Institute on Oct. 8. Much has been written about the economics of gun control, including Kjar and Robinson’s 2009 article that noted the lack of basic economic application to the issue, and […]
The following post originally appeared on the Ludwig von Mises Institute’s website. It is based on a conversation the Institute had with Judge Andrew Napolitano about the Constitution and the American political system. Mises Institute: Why is understanding constitutional law and its history important? The text of the document is pretty short, so can’t we […]
This post, written by John P. Chochran, originally appeared on the Ludwig von Mises Institute website on September 11. Paul Krugman has recently been critical of Friedman (and Phelps), the Phillips curve, and the Natural Unemployment Rate (NUR) theory in the process of arguing that due to the recent Great Recession, the accompanying financial crisis, […]
Many of our present economic difficulties, while blamed by politicians on freedom and markets, are in fact the long-run effects of government policies emphasizing short-run, visible benefits that mask hidden or delayed costs. In particular, our economic woes reflect government’s reliance on coercion, whose harmful effects expand over time, in contrast to voluntary cooperation, whose beneficial effects expand over time.
The President gave a speech on August 22 in Buffalo outlining his proposal to “reform” the student loan program. He acknowledged that the program has some problems, but assured the audience they are easily fixed. Just take the principles behind Obamacare and apply them to education.