All Human Beings — Not Just Capitalists — Are Self-Interested
In Why Not Socialism?, G. A. Cohen presents the scenario of a camping trip to highlight the desirability of socialism as the best form of social organization. After outlining a …
Mises Wire
James Mill and Libertarian Class Analysis
[Austrian Perspective on the History of Economic Thought, volume 2, chapter 3: “James Mill, Ricardo, and the Ricardian System.”] The theory of class conflict as a key to political history …
Why the Pursuit of Profit Makes Us All Better Off
In most cultures, profit is seen as the outcome of exploitation of some individuals by some other individuals. Hence, anyone who is seen as striving to make profits is regarded …
The Economic Consequences of Cheap Money
[From a memorandum, dated April 24, 1946, prepared in English by Professor Mises for a committee of businessmen for whom he served as a consultant, this article appears in The …
The Problem with Elizabeth Warren’s Wealth-Tax Plan
Elizabeth Warren is among the strongest contenders and Democratic hopefuls for the presidential election of 2020. During the fourth Democratic debate, on October 15, her “Wealth Tax Plan” received close …
The New York Times Gets Neoclassicals, Austrians, and Schumpter Wrong, all in One Article
Clarity is a virtue, and if overlooking critical nuances can mean readers end up more confused after reading one’s work, that’s not very useful, to put things mildly. Earlier this …
President’s Impact Report — Third Quarter 2019
Faculty, Associated Scholars, and More In July, the Mises Institute hosted Mises University in Auburn, Alabama. Mises U featured 167 attendees from 94 colleges and universities, 25 countries, and 26 US …
A Man for Many Seasons
Henry Hazlitt, author, journalist, editor, reviewer, economist, has written or edited 18 books and countless articles, columns, editorials, and book reviews. He has gained renown in at least three areas: …
Unions and Protectionism, Not Free Trade, Doomed the Rust Belt
As the decline of the Rust Belt became increasingly obvious during the 1980s, protectionists attempted to blame the malaise on too little government protection from foreign competition. Campaigning for the …
The Late Great State of California
My family moved to California in 1950, part of the post-WWII westward migration. My widowed mother, tired of Boston’s dreary winters, felt the westward pull. My eldest brother, a WWII …