Tag: Ludwig von Mises
New Video with Ron Paul: “Defining Liberty: The Future of Freedom”

How can Americans overcome record government spending and debt, escalating healthcare costs, intrusive federal surveillance, endless wars, ongoing economic malaise, high unemployment, failing schools, and increasing abuses of civil and economic liberties? In this superb, new video from the recent, sold-out event sponsored by The Independent Institute and The Smith Center for Private Enterprise...
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A Vulgar Keynesian Visits My Chamber

I heard a noise that seemed to come from my chamber door. I opened it, and then . . . Deep into that darkness peering, long I stood there wondering, fearing, Doubting, dreaming dreams some Austrians dared to dream before; But recession was unbroken, and the darkness gave no token, And the only words...
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James M. Buchanan (October 3, 1919 – January 9, 2013)

James M. Buchanan, one of the past century’s most distinguished economists and most compelling champions of free markets, died earlier today at age 93. His professional career spanned more than sixty years, during which he wrote extensively on public finance, economic philosophy, and other topics in related areas. With Gordon Tullock, he founded a...
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John Goodman, Anthony Gregory and Robert Murphy to Speak at 2012 Freedom Fest!

We are delighted that our Research Fellow John C. Goodman, Research Editor Anthony Gregory, and Research Fellow Robert P. Murphy will be among the many speakers at the upcoming 2012 Freedom Fest in Las Vegas (July 11-14), and we invite you to visit with us at the Independent Institute’s booth at the conference. 10:55...
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Economists Testify on Federal Reserve Before House Committee Chaired by Ron Paul

On May 8th, five economists, including our Research Fellow Peter Klein, appeared in testimony before the U.S. House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, chaired by Congressman Ron Paul. The panelists included two economists from the Austrian School, two Keynesians, and one monetarist: Peter G. Klein, Research Fellow, The Independent...
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Fight of the Century: Keynes vs. Hayek Rap Video Round Two

“Fight of the Century: Keynes vs. Hayek Round Two” is the superb and very timely sequel to the phenomenally successful and insightful, rap video pitting the views of macroeconomist John Maynard Keynes against those of Austrian School economist Friedrich A. Hayek, “Fear the Boom and Bust.” The original has attracted to date more than...
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The Economist on the Austrian School of Economics’ Relevance in Explaining the Current Crisis

A Buttonwood column in the new issue of The Economist, “Taking von Mises to pieces: Why is the Austrian explanation for the crisis so little discussed?,” discusses the enormous relevance of the Austrian School of economics, including the work of F.A. Hayek, Ludwig von Mises, and Lawrence White in explaining the current economic crisis....
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“American Pie” – Altered to Lament My Life and Times as an Economist

A long, long time ago . . . I can still remember, Mainstream theory used to make me smile. And I knew if I had my chance That I could make equations dance And, maybe, they’d be happy for a while. But Joseph Stiglitz made me shiver With every paper he’d deliver. Bad news...
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Can the Dead (Capitalism) Be Brought Back to Life?

I pose this question seriously, not as a physiologist, but as an economic historian. I am provoked to raise the question by an advertisement that Amazon sent me recently, calling my attention a book titled Can Capitalism Survive? Creative Destruction and the Future of the Global Economy. Seeing this sales pitch, my immediate reaction...
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C. S. Lewis on Mere Liberty and the Evils of Statism, Part 1

For decades, some Christians, both “conservative” and “liberal,” have unfortunately embraced an ill-conceived “progressive” (i.e., authoritarian) vision to wield intrusive government powers as an unquestionable and even sanctified calling for both domestic and international matters, abandoning the Christian, natural-law tradition in moral ethics and economics. In contrast, the Oxford/Cambridge scholar and best-selling author C....
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