Patrick J. Michaels
Global warming alarmism is invading nearly every aspect of our society. Despite convincing evidence that climate change does not portend an apocalyptic future, children are inundated with that idea...
Milton Friedman, Anna Jacobson Schwartz
Milton Friedman and Anna Schwartz’s A Monetary History of the United States, 1867–1960 is perhaps the most influential work in economic history of the 20th century. The book, a perfect...
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Friedrich von Hayek
Издател: Institute for Human Studies
In "The Intellectuals and Socialism," originally published in 1949, Hayek explained the appeal of socialist ideas to intellectuals – the "second-hand dealers in ideas." Intellectuals, Hayek argued, are attracted to socialism because it involves the rational application of the intellect to the organisation of society, while its utopianism
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Ludwig von Mises
Издател: Liberty Fund, Inc.
In the foreword to Human Action: A Treatise on Economics, Mises explains complex market phenomena as “the outcomes of countless conscious, purposive actions, choices, and preferences of individuals, each of whom was trying as best as he or she could under the circumstances to attain various wants and ends and to avoid undesired consequences.”
Originally published by Yale University Press in 1944, Bureaucracy is a classic fundamental examination of the nature of bureaucracies and free markets in juxtaposition to various political systems. Bureaucracy contrasts the two forms of economic management—that of a free market economy and that of a bureaucracy. In the market economy
Written toward the end of Mises’s life, his last monograph, The Ultimate Foundation of Economic Science, returned to economics as a science based on human action. Mises believed that, since the publication of Human Action, economists and scientists alike had misinterpreted the idea of economics as a science by deeming it epistemological
The term "liberalism" comes from the Latin word liber meaning "free." Mises defines liberalism as "the liberal doctrine of the harmony of the rightly understood interests of all members of a free society founded on the principle of private ownership of the means of production." This book presents the theoretical and practical arguments for
Nation, State, and Economy, published less than a year after Austria’s defeat in World War I, examines and compares prewar and postwar economic conditions and explicates Mises’s theory that each country’s prosperity supports rather than undercuts the prosperity of other countries. Mises’s humanitarian recommendations in this book, born
In this anthology, Mises offers an articulate and accessible introduction to and critique of two topics he considers especially important: inflation and government interventionism. According to Mises, inflation, that is monetary expansion, is destructive; it destroys savings and investment, which are the basis for production and prosperity.
This book must rank as the most devastating analysis of socialism yet penned. . . . An economic classic in our time.
More than thirty years ago F. A. Hayek said of Socialism: "It was a work on political economy in the tradition of the great moral philosophers, a Montesquieu or Adam Smith, containing both acute knowledge and
When Ludwig von Mises wrote The Theory of Money and Credit in 1912 at the age of thirty-one, the world of economic thought was full of contending monetary theories, none of which could be considered truly united, in the sense of being at once securely founded on economic reality and also properly incorporated into an analysis of the entire
The existing system of land use planning in the UK dates back to the 1947 Town and Country Planning Act and is therefore now well over half a century old. For most of that time, the town and country planners have run the system and until recently there has been remarkably little serious economic evaluation of it. However, there have been
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