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Carl Menger: Pioneer of “Empirical Theory” Part 2

Thursday, January 29th, 2015 by posted in Banking, Capitalism, Economics, History.
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[This article is excerpted from chapter 4 of Mises: The Last Knight of Liberalism. Reprinted from Mises.org] The Austrian School and the Gossen School With just two books, Menger had put economic and social thought on completely new foundations. Principlespioneered

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Carl Menger: Pioneer of “Empirical Theory” Part 1

Wednesday, January 28th, 2015 by posted in Banking, Capitalism, Economics, History.
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[This article is excerpted from chapter 4 of Mises: The Last Knight of Liberalism. Reprinted from Mises.org] Introduction The problems and ideas that moved Ludwig von Mises in his early years were addressed by the work of four great economic

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PhD-Standard Monetary Crack Up

Saturday, January 24th, 2015 by posted in Banking, Economics, History.

The hills are alive with the panic of central bankers. First there was the fallout from the Swiss National Bank’s decision to unshackle the Franc from the Euro. Then, how much Q Mario Draghi put with his E. It turns

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The Rise of Capitalism

Wednesday, January 21st, 2015 by posted in Capitalism, Economics, History.
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This article is excerpted from Liberty & Property, part 2 (2009). Reprinted from Mises.org The precapitalistic system of product was restrictive. Its historical basis was military conquest. The victorious kings had given the land to their paladins. These aristocrats were

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The Life and Works of Ludwig von Mises

Tuesday, January 20th, 2015 by posted in Economics, History, Philosophy.
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Reprinted from The Independent Ludwig von Mises (1881–1973) was one of the most important economists of the twentieth century. Even if he had made no other contribution over a professional lifetime that spanned seven decades, his place in the history

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The Need for General Rules

Wednesday, January 7th, 2015 by posted in Capitalism, History, Law.
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Excerpted from The Foundations of Morality by Henry Hazlitt. Reprinted from Mises.org 1. The Contribution of Hume David Hume, probably the greatest of British philosophers, made three major contributions to ethics. The first was the naming and consistent application of

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The Economic Lessons of Bethlehem

Thursday, December 25th, 2014 by posted in Capitalism, History, Regulation.
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Reprinted from LewRockwell.com At the heart of the Christmas story rests some important lessons concerning free enterprise, government, and the role of wealth in society. Let’s begin with one of the most famous phrases: “There’s no room at the inn.”

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Leftists become incandescent when reminded of the socialist roots of Nazism

Wednesday, December 24th, 2014 by posted in Economics, History, Philosophy, Politics.
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Reprinted from The Telegraph On 16 June 1941, as Hitler readied his forces for Operation Barbarossa, Josef Goebbels looked forward to the new order that the Nazis would impose on a conquered Russia. There would be no come-back, he wrote,

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Kingdom Come: The Politics of the Millenium

Tuesday, December 9th, 2014 by posted in History, Philosophy, Politics.
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[First published in Liberty Magazine, 1990] Reprinted from Mises.org Christianity has played a central role in Western civilization and contributed an important influence on the development of classical-liberal thought. Not surprisingly, Christian beliefs about the “end times” are very important

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Mises and His Century

Friday, December 5th, 2014 by posted in Economics, History.
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Reprinted from Liberty.me Over the last nine weeks, it’s been my privilege to conduct a series of weekly seminars on the main works of Ludwig von Mises (1881-1973). I thought I knew his works very well, having put them all

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Money and the Law

Wednesday, December 3rd, 2014 by posted in Banking, Capitalism, Economics, History.
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(Original Italian publication: Movimento Libertario, L’Indipendenza) The modern (or totalitarian) State is founded on two frauds: the fraud of law and the fraud of money. The wielders of political power have replaced the law and money with things they called

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John H. Dunn & The Financial Crisis of 1837

Sunday, November 30th, 2014 by posted in History.
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It would be a grave mistake to neglect the financial crisis behind the Upper Canadian Rebellion of 1837 [1]. In the first half of the 19th century, Upper Canada was an economically-backward British colony. British money funded the roads, canals

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Gordon Tullock, Student of Society

Friday, November 21st, 2014 by posted in Economics, History.
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Reprinted from the Freeman Gordon Tullock stood transfixed by an anthill outside the Center for Public Choice in Virginia. When another scholar asked him what he was doing, Tullock replied brusquely: “Research.” It must have indeed been research, because Tullock

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Education and the Racist Road to Barbarism

Tuesday, November 18th, 2014 by posted in Capitalism, Economics, Environment, History.
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A Demonstration of the Objective Superiority of Western Civilization and Slap in the Face of Cultural Relativism and Political Correctness CONTENTS Introduction The Nature of Western Civilization The Universalizability of Western Civilization The Standard for Judging a Civilization: the Objective

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The Philosophy of the Pseudoprogressives

Tuesday, November 11th, 2014 by posted in Economics, Epistemology, History, Philosophy.
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[This article originally appeared in Plain Talk, February 1950. It is included in Planning for Freedom.] 1. The Two Lines of Marxian Thought and Policies In all countries which have not openly adopted a policy of outright and all-around socialization

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My interview on Mises.org re: The End of the US Dollar Imperium, Part 2

Friday, October 31st, 2014 by posted in Capitalism, Economics, History, Politics.
My interview on Mises.org re: The End of the US Dollar Imperium, Part 2

Patrick Barron: The End of the US Dollar Imperium, Part 2 Jeff Deist and Patrick Barron continue their discussion on monetary imperialism. They delve deeper into US dollar supremacy, and how it might end with a whimper instead of a

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Hayek’s “Rejuvenating Event”

Monday, October 20th, 2014 by posted in Economics, Education, History.
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Reprinted from The Freeman Swedish socialist Gunnar Myrdal was not happy about sharing his Nobel Prize with that Austrian “reactionary,” F.A. Hayek. The so-called Nobel for economics, established by the central bank of the world’s leading welfare state, was only five years

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Ludwig von Mises: Defender of Capitalism

Monday, September 29th, 2014 by posted in Capitalism, Economics, History.
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Editor note: Today commemorates the 133rd birthday of Ludwig von Mises. September 29, 2014 is the one-hundred-and-thirty-third anniversary of the birth of Ludwig von Mises, economist and social philosopher, who passed away in 1973. Mises was my teacher and mentor

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Hegel and the Romantic Age

Tuesday, September 16th, 2014 by posted in History.
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This article is excerpted from volume 2, chapter 11 of An Austrian Perspective on the History of Economic Thought (1995) G.W.F. Hegel, unfortunately, was not a bizarre aberrant force in European thought. He was only one, if the most influential and the

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Piketty’s Capital: Wrong Theory Destructive Program

Monday, August 25th, 2014 by posted in Capitalism, Economics, History.
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This essay is available for sale as a Kindle book on Amazon.com for 99¢. Go to http://amzn.to/1nsDDLP.   Prelude to Piketty: The US Government’s Assault on the American Economic System Over the course of several generations, the US government has

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