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Tag Archives: Ludwig von Mises
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
