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Tag Archives: Ludwig von Mises
More Tributes to Mises
The introductory unit of George Reisman’s study program includes about 60 pages of reading from the appendices to the 4th edition of Ludwig von Mises’s Planning for Freedom. I covered the first part of the section, Murray Rothbard’s essay “The Essential … Continue reading
Truth Persists and Works, Even if Nobody Is Left to Utter It
Human thinking and reasoning, human science and technology are the product of a social process insofar as the individual thinker faces both the achievements and the errors of his predecessors and enters into a virtual discussion with them either in … Continue reading
Posted in Books, Economics
Tagged Austrian economics, George Reisman, Ludwig von Mises
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Time Preference and Interest
Week 7 of the Mises Institute’s Home Study Course in Austrian Economics includes one audio lecture and three book chapters dealing with time preference and interest. “Time Preference and Interest” by Jeffrey Herbener: This lecture has a good summary of Ludwig … Continue reading
The Devil Made Them Do It
Welcome to Great Books Monday! We need some fanfare to commemorate the fact that this week we hit the 10,000-page mark in our reading program, as well as the 3,000-page mark in Imaginative Literature and the 2,500-page mark in Philosophy/Religion. … Continue reading
Posted in Books, Liberal Arts
Tagged Aristotle, Great Books, Hippocrates, Immanuel Kant, John Milton, John Ruskin, Ludwig von Mises, Richard Sheridan
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An “Open Letter to Warren Buffett”
Over on my Reading Economics page, I’ve outlined a plan to read through, among other things, George Reisman’s program of readings. In that light (although I haven’t actually posted on anything from that series yet), I thought it was worth … Continue reading
Price Controls
Chapter 15 of Shawn Ritenour’s Foundations of Economics discusses a government intervention into the economy so obviously flawed that even most mainstream economists condemn it. Moreover, even a large number of government officials seem to understand that it doesn’t work. … Continue reading
Posted in Books, Economics
Tagged Foundations of Economics, Ludwig von Mises, minimum wage, price ceilings, price controls, price floors, rent control, Shawn Ritenour, shortage, surplus
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Inflation and Recession
Chapter 13 of Shawn Ritenour’s Foundations of Economics marks a significant change in the author’s approach. Up to this point, the discussion of economic phenomena has been purely descriptive. Ritenour follows Ludwig von Mises in arguing that economics as a … Continue reading
Money and Its Purchasing Power
In Chapter 12 of Foundations of Economics, Shawn Ritenour inally gives us a detailed discussion of “what makes the world go round.” For something that is universally used, it seems as though the understanding of money in our society is pretty … Continue reading
