Author Archive for Mises Updates

The “Entrepreneurial” State is Anything But

6823Mises Daily Tuesday by Tyler Kubik:

With the failure of central planning worldwide, many economists have turned to promoting government as an innovative and entrepreneurial institution that fosters greater efficiency and economic growth. In truth, governments fail where private entrepreneurs succeed. Governments keep wasting money in the meantime.

Video: Robert Murphy on Energy Policy

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 24 July 2014.

Tom Woods on the Four Things the State Is Not

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 24 July 2014.

Video: Thomas DiLorenzo Explains The Corrupt Origins of Central Banking in America

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 24 July 2014.

Labor Unions Are Anti-Labor

Message of a worker despair for the failure of his factory, now abandoned.Mises Daily Monday by George Reisman.

Many Americans, perhaps a substantial majority, still believe that labor unions are fundamental to the well-being of workers. In fact, labor unions work to prevent increases in the productivity of workers, which is ultimately the only way to increase real wages.

Video: Robert Higgs Explains How War Leads to Big Government

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 24 July 2014.

Video: Tom Woods Explains The Robber Barons and the Progressive Era

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 24 July 2014.

Gold, Silver, and the Future of the Dollar

6822Mises Daily Weekend by Mark Thornton:

In this interview, Mark Thornton discusses the future of the US dollar as the world’s reserve currency and how both gold and silver and can be part of a return to sound money.

Mises Weekends: Soviet Defector Yuri Maltsev on the Loss of Freedom in America

Jeff Deist and Yuri Maltsev discuss not only his defection from the former USSR, but also his defection from the Marxist economic mindset, the crime of reading Hayek, why so many westerners still have a naïve, uninformed, and romantic view of socialism, how the Ruble was nothing more than a fiat rationing coupon, and why people with contempt for consumerism never visited a Soviet grocery store.

Now in Italian: ‘How Consumers Rule In a Free Economy’

Chris Westley’s article explaining how Carl Menger put consumers front and center in determining value has been translated into Italian: “I consumatori sono i re in un’economia di libero mercato.”

Video: “Hayek and Keynes: Head to Head” with Roger Garrison

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 23 July 2014.

Live Stream, Friday at Mises U: Morning Lectures

Friday July 25 (Central Daylight Time)
9:00 - 10:00 a.m.—Common Objections to Capitalism | Terrell
10:15 - 11:15 a.m.—Hayek and Friedman: Head to Head | Garrison
11:30 a.m. – 12:30 p.m.—Gold Standards: True and False | Salerno

Should We Build a McDonald’s on the Rim of the Grand Canyon?

canyon2Mises Daily Friday by Ryan McMaken

The Navajos want to develop the southern rim of the Grand Canyon, but environmentalists are unhappy. There’s little private property involved, so don’t blame the capitalists, and it’s worth remembering that much of the tourist economy in the West is a subsidized invention of the federal government.

Video: Robert Murphy Presents Contrasting Views of the Great Depression

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 23 July 2014.

Audio: Mark Thornton on Immigration and the War on Drugs

Here is another interview about his recent article on immigration and the war on drugs. This one is with The Heartland Institute.

The Right Way to View Entrepreneurship

6814Mises Daily Weekend by Peter Klein and Nicolai Foss:

Much of the existing research on entrepreneurship focuses only on start-ups and small business. But entrepreneurship is a much broader topic and entrepreneurs appear everywhere as drivers of greater wealth and economic growth. Peter Klein and Nicolai Foss discuss new ways to study this phenomenon.

The Problem with Right-to-Work Laws

6813Mises Daily Friday by Logan Albright

Many free-market advocates approve of right-to-work laws because they diminish the power of monopolist labor unions. Right-to-work laws, however, prohibit employers from dealing with unions in whatever way the employer chooses, and thus just substitute one government mandate for another.

Mises Summer Fellows 2014

We’re very happy to have another great group of international young scholars with us this summer. Mises Fellows are graduate students and faculty who come to the Mises Institute during the summer to spend more time working on research in the field of Austrian economics with our senior faculty.

fellows2

This year’s Fellows:
Front Row: Ludvig Levasseur, Matei Apavaloaei, Peter Klein (faculty), Jeff Deist (Mises President)
Second Row: Joseph Salerno (faculty), Audrey Redford, Jingjing Wang, Arkadiusz Sieron
Third Row: Dante Bayona, Kyle Marchini, Peter St. Onge
Back Row: Jonathan Newman, Mark Thornton (faculty)

The Neo-Mercantilist Hysteria Over US Trade Deficits

imports2Mises Daily Thursday by Joseph Salerno:

Keynesians are fond of overstating both the magnitude of the trade deficit and its alleged negative effects. In spite of the fact that trade deficits are not an actual problem for our economy, Keynesians propose to “fix” the problem by devaluing the dollar.

Industrial Policy Is Still a Loser

6808Mises Daily Tuesday by by Stewart Dompe and Adam C. Smith

Joesph Stiglitz, 2001 Nobel laureate in economics, wants to revitalize industrial policy through greater government intervention to favor certain technologies over others. He says it’s not about picking winners, but about positive externalities. Either way, it all comes down to central planning.