Daily articles from The Mises Institute on Austrian Economics and Libertarianism

Mr. Rubenstein, You're No Adam Smith

Fri, 27 Jan 2012 01:38:00 -0600

In a recent open letter in the Financial Times addressed to "Capitalists of the World" from "Adam Smith," David Rubenstein warns about the excesses of the system Smith so famously praised over two centuries ago. His claim that capitalism is what currently exists around the world, however, is flatly mistaken.

Freedom and Federalism

Fri, 27 Jan 2012 01:38:00 -0600

The Jeffersonian states'-rights tradition is the key to understanding why Thomas Jefferson believed that the best government is that which governs least.

Profits Are Socially Responsible

Thu, 26 Jan 2012 01:38:00 -0600

Should profits give way to social or environmental concerns? The results would be disastrous.

Joseph A. Schumpeter: Maverick and Enigma

Thu, 26 Jan 2012 01:38:00 -0600

Schumpeter wished to refrain from political judgments.

Is the United States in a Liquidity Trap?

Wed, 25 Jan 2012 01:38:00 -0600

To suggest that people have an unlimited demand for money is not realistic, given that people require goods to support their lives and well-being.