Home / Austrian Economics

When Hayek Abandoned Mises

Written by Gary North on November 4, 2014

mises-hayek

In June 1960, I received in the mail two books: Frederick Hayek’s The Constitution of Liberty and Ludwig von Mises’s Human Action. I had ordered them from the Foundation for Economic Education. I paid $7.50 for Hayek’s book; I paid $10 for Mises’s book. In 1960, that was the equivalent in today’s money of about […]

Continue reading →

On Replacing the Keynesian Establishment

Written by Gary North on November 1, 2014

nisbet

One of the fields of historical study is the history of ideas. In almost all cases I have ever read, an author concentrates only on the ideas; he does not describe the historical circumstances in which a particular idea faded, or triumphed, or never had any effect at all. Robert Nisbet once had a great […]

Continue reading →

How 1936 Consolidated the Progressives’ Triumph in 1913

Written by Gary North on October 25, 2014

fdr

Politically conservative Americans and libertarians generally agree on the worst year of the 20th century: 1913. In 1913, three major events took place. First, Americans were informed that a constitutional amendment establishing an income tax passed. That was a lie. It did not pass. But the Attorney General of the United States announced that it […]

Continue reading →

Walter Block: Austrian Economics’ Footnote Machine

Written by Gary North on September 27, 2014

walter-block

Walter Block is a professor of economics at Loyola University in New Orleans. He has been an active participant in the libertarian movement for over 40 years. Within the libertarian camp, he is by far the most prolific in academic journals. Nobody else comes close. He has published something in the range of 450 journal […]

Continue reading →

Is the Terminator Coming? Reflections on Moore’s Law

Written by Gary North on September 15, 2014

moore's-law

Moore’s law: the number of transistors per square inch on a chip doubles every [??] months. The number of months gets shorter, decade by decade. The pace has accelerated since 1965, when Moore made his observation. It may be as low as 12 today. The cost of information keeps dropping. It gets less, decade by […]

Continue reading →

The Advantage That Austrian Economists Enjoy

Written by Gary North on August 15, 2014

mises

A GaryNorth.com site member asked for advice on books that introduce people to the logic of the free market economy. He wanted books on economics, which in the point of view of this website, would be books on the free market economy. One of the tremendous advantages that we possess, and which the Keynesians do […]

Continue reading →

A Dialogue on Social Justice

Written by Gary North on July 14, 2014

walter-williams

What Is social justice? Economist Walter Williams has an answer. “I keep what I earn, and you keep what you earn. If you believe that you deserve some of what I earn, please explain why.” Dr. Williams is skeptical about the motives of those people and special-interest groups who demand that politicians and tenured bureaucrats […]

Continue reading →

The Suicide of Communism: The Case for Patience

Written by Gary North on July 5, 2014

communism

At the age of 72, I look back at my life, and I ask a question: “What was the most significant event of my lifetime?” I go back and forth between two events, but in fact they were the same event. The first was the decision of Deng Xiaoping in 1979 to begin to remove […]

Continue reading →

Retrospective: 40 Years of “Remnant Review”

Written by Gary North on May 15, 2014

gary-north

Remnant Review Today is a big day for me. It probably isn’t a big day for you, but it is a big day for me. On this day, 40 years ago, the first issue of Remnant Review was mailed to subscribers. It was a technologically primitive newsletter. Most newsletters were, back in 1974. You can […]

Continue reading →
Page 1 of 41234»