Price-Control Failures, Then and Now

As Congress mulls price controls on doctors and hospitals in the form of the Lower Health Care Costs (LHCC) Act, lawmakers must learn from history. Luckily, the message is abundantly …

Read more

Categories Uncategorized

Price-Control Failures, Then and Now

As Congress mulls price controls on doctors and hospitals in the form of the Lower Health Care Costs (LHCC) Act, lawmakers must learn from history. Luckily, the message is abundantly …

Read more

Categories Uncategorized

Mises’s Favorite Anglo-American Economists

[Originally published October 2006.] While it was the reading of Menger’s path-breaking book, Principles of Economics, by Mises’s own account that turned him into an economist,1  it was his attendance …

Read more

Categories Uncategorized

Why Socialist Calculation Is Always Impossible

The Austrian school of economics, marked by its unique causal-realist approach, contributed many important insights to the development of economic science. However, regardless of their profound contribution, the Austrian school …

Read more

Categories Uncategorized