In Defense of Capitalism

By |2018-12-16T23:14:07-05:00December 2nd, 2018|Categories: Adam Smith, Capitalism, Economic History, Economics, Free Markets, Ludwig von Mises|

The term capitalism has long been used by critics as a catch-all to denote a system replete with greed, indulgence, excess, and deprivation. It is easy to misinterpret self-interest as selfishness and write off capitalism and economics. But the truth of the matter is much more complicated… I find myself still scratching my head over George [...]

Ten Books That Shaped America’s Conservative Renaissance

By |2018-11-27T14:21:30-05:00March 12th, 2017|Categories: Conservatism, Economics, Edmund Burke, Eric Voegelin, Featured, Friedrich Hayek, George Nash, Ludwig von Mises, M. E. Bradford, Robert Nisbet, Russell Kirk, T.S. Eliot, The Conservative Mind, The Imaginative Conservative, Timeless Essays, Wilhelm Roepke, William F. Buckley Jr.|

Today’s offering in our Timeless Essay series affords readers the opportunity to join Jeffrey O. Nelson as he explores the books and thinkers who shaped America’s Conservative Renaissance. —W. Winston Elliott III, Publisher If a conservative order is indeed to return, we ought to know the tradition which is attached to it, so that we [...]

Ludwig von Mises: A Primer

By |2018-09-25T15:32:09-05:00October 14th, 2016|Categories: Economics, Ludwig von Mises|

Ludwig von Mises was born on September 29, 1881, in the city of Lemberg in the Austro-Hungarian empire. His mother was Adele (Landau) von Mises; his father, Arthur Edler von Mises, a construction engineer in government service to the Ministry of Railroads, died at the age of forty-six (after a gall bladder operation) when [...]

Learning to Love the Liberalism of Ludwig von Mises

By |2016-05-23T16:39:00-05:00May 23rd, 2016|Categories: Conservatism, Economics, Ludwig von Mises|

What is liberalism? How ought we to understand it? Entire forests have been felled in the attempt to answer these questions. Much of the literature that undertakes a “taxonomy” of ideas has focused on whether liberalism is a single principle or a plurality of principles, or whether liberalism always contained within it the seeds [...]

Whatever Happened to Free Enterprise?

By |2016-01-16T13:02:26-05:00September 9th, 2015|Categories: Economics, Featured, Free Markets, Government, Ludwig von Mises, Ronald Reagan|

Editor’s Note: Ronald Reagan delivered this speech as the Ludwig Von Mises Memorial Lecture at Hillsdale College on November, 10, 1977, at Hillsdale College in Hillsdale, Michigan. https://youtu.be/QrCjARgeC3w President George C. Roche III: As you know, it’s the intention of the Ludwig Von Mises Memorial Lecture Series to honor the idea of a free market economy, [...]

Roepke and von Mises: The Difference

By |2016-12-30T09:29:25-05:00April 25th, 2015|Categories: Economics, Ludwig von Mises, Political Economy, Ralph Ancil, Wilhelm Roepke|

Some writers link the names of Ludwig von Mises and Wilhelm Roepke as if there were no important differences between them. Roepke is co-opted into the camp of more or less libertarian thinkers whose position is further enhanced by whatever weight or prestige his name may give. Since Roepke was an Austrian economist and [...]

Remembering the 1920s

By |2015-01-20T16:16:05-05:00January 20th, 2015|Categories: Economics, History, Ludwig von Mises|Tags: , |

It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from a historical episode, the political class will draw all the wrong ones—and often deliberately so. Far from viewing the past as a [...]

Why Libertarians Need God

By |2019-04-18T13:22:36-05:00March 9th, 2014|Categories: Atheism, Ayn Rand, Christianity, Libertarians, Ludwig von Mises|

Does God underwrite our freedom, or undermine it? There are thousands of self-styled “libertarians” who would argue the latter. They actively oppose the religious commitments of most social conservatives, many of them convinced that materialism is the best metaphysical home for what we might call “libertarian values”—individual rights, freedom and personal responsibility, reason, and [...]

Austerity’s Prophets: How Friedrich Hayek eclipsed J.M. Keynes & Milton Friedman

By |2016-01-16T12:58:50-05:00October 24th, 2012|Categories: Economics, Featured, Friedrich Hayek, Ludwig von Mises, Political Economy|Tags: |

“Austerity” has become the watchword of the year. Governors, prime ministers, and presidents around the world are talking about cutting welfare benefits, curtailing public union power, and reducing deficits. We’ve over-promised at the public trough, and now we must pay the price. Whoever is elected president in November is going to face the need [...]