Escolar Documentos
Profissional Documentos
Cultura Documentos
Dear Members,
The good news: 1990 was the year that Poland freed its prices,
Czechoslovakia privatized many industries, Lithuania consid
ered free banking, and the Soviet Union talked about selling off 80% of
the state's assets.
The bad news: the U.S government imposed more taxes, more
spending, and more regulation on us.
It seems as if Eastern Europe's biggest intellectual export is social
ism, and most of it is coming here. So the Ludwig von Mises Institute is
0) working—at both the scholarly and popular levels—in favor of private
property, individual liberty, sound money, and free markets. Here are the
JS highlights of 1990:
H
New Publications
The Review ofAustrianEco lished by Kluwer Academic Pub And speaking of The Free
nomics is the only schol- lishers) was a seminal event in Insti Market, this year our influential
arly publication devoted to tute history. A collection of some of newsletter carried 60 articles on
Austrian economics. Its publisher, his best work, much of it previously how the economy should work
Kluwer Academic Publishers, has unpublished, it is already being and why it doesn't because of gov
taken it to twice yearly, a real mile adopted as a text. But the book is not ernment interference. And The
stone for us and for Austrian eco just for academics—as a book re Austrian Economics Newsletter, our
nomics. view in the Washington Times by student publication, continues to
William Peterson of Campbell Uni receive high praise.
versity pointed out. Economic Calculation in the
Money, What Has Government Done to Socialist Commonwealth by Ludwig
Our Money? is among Murray von Mises set the world on its ear
Method, Rothbard'S most popular works. It when it first appeared in 1920.
teaches more about monetary the Since this publication first showed
and the
ory, in a shorter space, than any why socialism could never work,
Market Process thing else yet written. But the we wanted to commemorate the de
quality of the edition did not do it molition of that monstrous ideology
credit, and was sometimes hard to by republishing ECSC—a some
Essays by find. So the Mises Institute has pub times hard-to-find work—in a
Ludwig von Mises
lished a beautiful new and ex new and more attractive format.
panded edition with a foreword by And we added a foreword by for
Mises Institute president Lew Rock mer Gorbachev advisor Yuri N.
well. We plan a wide distribution. Maltsev, an introduction by Uni
versity of Warsaw economist Jacek
The Economics of Liberty edited
Kochanovicz, and a revisionist
by Lew Rockwell will soon be avail
postscript by Pace University econ
This year's publication of able, and it is the most exciting col
omist Joseph T. Salerno.
Money, Method, and the Market Pro lection of short articles on the
cess by Ludwig von Mises (essays economy and the government since 1990 was also the year we
selected by Margit von Mises, ed The Free Market Reader. You won't signed an agreement with Kluwer
ited by Richard Ebeling, and pub want to miss this fiery collection. Academic Publishers to act as gen-
Through our active O.P. busy from 8:00am until 10:00pm, intellectually rewarding.
Alford III Center, we closing the evening with a social "The schedule was tough,"
held our annual Mises Univer hour to discuss ideas presented said Rose Kilburn, a student at the
sity program at Stanford July during the lectures that day. Stu University of California, Santa
7-14. The comprehensive in dents say it is the most tiring eight Cruz, "but it was necessary to
d struction we offer in Austrian days of their life, but also the most provide a full picture of the Aus
economics is available trian school. Besides, I
no where else in the don't hear these ideas any
world. It teaches stu other time during the
d
cd
dents, and even profes
sors, about the Austrian
school, in nearly 60
classes, over a dozen
mm school year. I wanted to
take advantage of it while I
could." Added John Moser,
a student at the University
V seminars, four plenary of Illinois: "The beauty of
lectures, and much indi the Austrian school is that
d vidual tutoring, by 16 of it has an irresistible logic to
the most accomplished it. It was a very productive
eg Austrian economists in week. I learned an incredi
d the world. And it all ble amount."
o takes place on three lev-
U elsofinstruction.
In choosing our Mises
Professor Murray N. Rothbard gives the opening University students from
The students are lecture at our Mises University. the many who apply, we
Conferences and Meetings
In a column about the con
ference, Joseph Sobran, senior ed
eral editor of their series: "Studies in on capital theory and the business itor of National Reviezv, mentioned
Austrian Economics." Two vol cycle, a volume on the economics, 3
"attending the summer session
umes have appeared so far, and up history, and politics of the Federal
offered by the Ludwig von Mises
coming are The Meaning of Ludwig Reserve System, and a book on the
Institute at Stanford University.
von Mises, edited with an introduc history, economics, and politics of
Von Mises, of course, was the
tion by Jeffrey Herbener of Wash taxation.
ington & Jefferson College. It is a
great genius of the Austrian school
George Selgin, who teaches of economics, whose central tenet
near-comprehensive collection on economics at the University of
Mises by important Austrian schol is simply that economics is best un
Georgia, was the first recipient of a derstood in terms of rational
ars.
Mises Institute fellowship. Now he
human action. The session was
is the author of "Praxeology and
spearheaded by Murray Rothbard,
Understanding," which the Insti
tute is publishing as a monograph.
possibly the most colorful intellec
tual who ever lived. If there's a sub
"The Rise and Decline of Re ject on which he doesn't have an
Economic Calculation
form in China" by Sheldon Rich- original opinion, I don't know of it.
in the man was published in our You can't be around Murray for
Socialist Commonwealth policy-studies format. Its history of
even a few days without finding
China's economic reforms explains
your views changed, or at least
h luJ-i..., Mbn
what went wrong and what to do
deepened, by the challenges he un
next.
failingly presents.
An informative new brochure
"The Institute did a marvel
about the Mises Institute was pub
lished in 1990. If you'd like some for ous job of organizing the session.
friends or associates, just tell us on The courses and seminars were
the enclosed card. Or send us their led by as brilliant a set of thinkers
names and addresses and we'll do as I've ever encountered. One of
the mailing for you. the most heartening features of
For series 1991 we have
the experience was the students.
p\anr\ed a collection of Murray Our new book catalog ap
There were about 160 of them,
Rothbard's best work on Austrian peared this year, and it both sells
economics, Roger Garrison's essays books and teaches economics.
eager and intelligent young peo
ple who were worthy of their
teachers. They got no academic
credit for attending. They simply
came to think. There is hope."
look for those who have exhibited stitute for Humane Studies; Jo
intellectual credentials, academic seph Salerno; George Selgin; The bigger and better catalog
achievements, and also the moral Mark Skousen of Rollins College; of the Mises University 1991 Quly
courage needed to survive in Mark Thornton of Auburn Uni
7-14) is now available. You can get
today's hostile economics classes. versity; and Deborah Walker of one by writing us. For this pro
Loyola University. gram, we've added three new fac
The faculty, chaired by Mur
ulty: Thomas DiLorenzo of the
ray Rothbard, included Rob
University of Tennessee,
ert Batemarco of Marymount
Chattanooga (on mo
College; Walter Block of the
nopoly and competi
Fraser Institute; Williamson
tion); Roy Cordato of the
Evers of the Hoover Institu
Institute for Research on
tion; Roger Garrison of Au
J the Economics of Taxa
burn University; David
tion (on taxation, public
Gordon of the Ludwig von
goods, and externali
Mises Institute; Jeffrey
ties); and John Egger of
Herbener of Washington
Towson State University
and Jefferson College; Rob
(on unemployment,
ert Higgs of Seattle Univer
sity; Hans-Hermann Hoppe
of the University of Nevada,
If * Keynesianism, and pro
duction).
Las Vegas; Yuri N. Maltsev; For 1991, we add
Sheldon Richman of the In Students at the Mises University. another treat: the Mises
Conferences and Meetings
Weekend on Austrian Economics Cohrssen of the University of conference and moderated the
also at Stanford, for Institute Frankfurt; Murray Rothbard; discussion. The Lithuanians
Z|. Members who want to expand George Selgin; and Roy Cordato asked lots of questions, and we
their knowledge. It runs from Fri of the Institute for Research on the provided them with lots of an
day, July 5th to Sunday the 7th. Economics of Taxation. In addi swers, on the free market, sound
The faculty is Murray Rothbard, tion to the regular Auburn stu money, and private property, and
Roger Garrison, Flans-Hermann dent and faculty attendees, guests we are—at the request of the
Floppe, Yuri Maltsev, Burton S. come from all over the area. prime minister—serving as con
Bluinert of the Center for Liber We also sponsor a collo tinuing advisors in their struggle
tarian Studies, and Lew Rockwell. quium in Austrian economics at against socialism and for a capi
In 1990, the Mises Institute our Fertig Student Center near talist economy.
sponsored the first Austrian look George Mason University. Recent Afterwards, Dr. Kazimiera
at the post-socialist age: "After speakers have included Roy Prunskicnc, prime minister of
the Revolution: De-Socializing Cordato; Joe Cobb of the Joint Lithuania, wrote to Lew Rock
the Socialist Bloc," April 23,1990, Economic Committee; John well: "I would like to pay you my
in Washington, D.C. It went a long Egger; Joe Salerno; William G. greatest respect and gratitude for
way toward developing a blue Laffer of the Heritage Founda a well-ordered tour for the six
print, consistent with the Aus tion; Charles Rowley of George economists from our newly re
trian tradition, for dismantling Mason University; and Michael built State to visit America. My
the command economy. Krauss of the George Mason Uni deepest regards for the possibility
The participants included versity Law School. to contact with the well-known
Krzysztof Ostaszewski of the Our Fertig Center also American economists and for
University of Louisville, a Polish hosted a high-level delegation of new acquaintance with other
emigre; Hans-Hermann Hoppe, a Lithuanian economic officials, wonderful people of your coun
German emigre; Yuri N. Maltsev; headed by a deputy prime minis try. We are also thankful for the
Kestutis Baltramatis, chief ter, for a productive meeting on knowledge we've got about the
privatization economist of the the free market. Our speakers in free market economy that has so
Lithuanian Council of Ministers; cluded Ed Hudgins of the Fleri- old traditions in your State and
Murray N. Rothbard; Joseph tage Foundation; David for those unforgettable minutes
Sobran; Gottfried Haberler of the Meiselman of Virginia Polytech we've spent in Ludwig von Mises
American Enterprise Institute; nic University; Richard Hile and Institute, inimitable in its beauty,
and Sheldon Richman. Alex Tabarrok of the Mises Insti- free spirit and ideas.
Gottfried Haberler—former tute; Roy Cordato; Sheldon "Many thanks to your col
president of the American Eco Richman; Edwin Vieira of the leagues and brothers in arms for
nomic Association and a student of National Right To Work Founda their attention as well as for in
Ludwig von Mises's in Vienna— tion; Joe Cobb; syndicated col valuable support to Lithuania,
expressed his elation at the revolu umnist Doug Bandow; and Yuri going to free and democratic soci
tionary events: "I only wish N. Maltsev. Fertig Center director ety. I hope that the first contacts
Ludwig von Mises could Jeffrey A. Tucker organized the between Ludwig von Mises
have seen his predictions Institute and our econo
come true." mists in future will grow
Attending the confer into friendly collaboration
ence were university pro that will never end." Amen
CD
n
13-
This year, our outstand R. Groenveld, J.A.H. Maks, J. a Problem" {Vie Freeman), and O
>—«
ing team of adjunct Muysken. "Collectives and Pollution"
scholars and senior fellows was (Christian Science Monitor). He
Thomas J. DiLorenzo of the
most active. Here are the high also wrote a book, Patterns of Cor
University of Tennessee at Chat
lights: porate Philanthropy: Ideas, Advo
tanooga, and faculty member of cacy, and the Corporation published 3
Dominick Armentano of the 1991 Mises University, spoke CL
by the Capital Research Center.
the University of Hartford, pub on "The Origins of Antitrust:
lished "Time to Repeal Antitrust Rhetoric vs. Reality" at a Wash Steve H. Hanke of the Johns ro
Regulation" in The Antitrust Bul ington conference on antitrust Hopkins University, associate ed
letin of theJournal ofAmerican and and presented a paper on "Does itor of the Rruiew of Austrian Eco o
ForeignAntitrust Regulation. Don Capitalism Cause Pollution?" at a nomics, wrote Capital Markets and
Bellante of the University of conference on environmentalism Development with Sir Alan A. Wal •n
South Florida published "A Sub- at Washington University of St. ters, published by the Institute for
jectivist Economic Analysis of Louis (which was also published Contemporary Studies, and he
Government-Mandated Em as a monograph). Among the arti was appointed personal eco
ployee Benefits," in the Harvard cles he published are "The Subjec- nomic advisor to the vice-presi
Journal of Law and Public Policy tivist Roots of James Buchanan's dent of Yugoslavia. on
Four of our scholars (from left to right): Deborah Walker of Loyola University; Murray N. Rothbard of the
University of Nevada, Las Vegas; Yuri N. Maltsev of the U.S. Institute of Peace; Jeffrey Herbener, of
Washington and Jefferson College; and graduate student Amy Marie Marshall ofNotre Dame University.
Contemporary Industrial Organi pated in several conferences, in view of Beyond the Informal Sector
zation Theory" (Journal of Eco cluding a Liberty Fund program edited by Jerry Jenkins (Journal of
nomic Studies), and "Alternative on the Old Right sponsored by the Economic Growth). He was also the
Visions of the Entrepreneur: Can- Independent Institute, Public featured speaker at the 1990
tillon, Say,Dupuit," in Perspectives Choice Society meetings, a Pacific Spring Bowman Lecture Series at
on the History of Econotnic Thought, Institute conference, and an Inter Indiana Wesleyan University on
edited by D.E. Moggridge. They collegiate Studies Institute confer "Famine and Poverty in the Third
also attended the Adam Smith Bi ence on economics and national World."
centenary in Edinburgh, Scot security.
Sheldon Richman of the In
land. Randall Holcombe of Flor stitute for Humane Studies pub
Jeffrey Herbener of Wash ida State University published lished an article on education
ington and Jefferson College is the "The Tax Cost of Privatization" reform in Chronicles, a defense of
editor of The Meaning of Mises (Southern Economic Journal) and H.L. Mencken (The American
(Kluwer, 1990), and author of presented "Constitutional Rules Scholar), presented a paper on
many articles appearing this year, in the Exchange Model of Gov "The Old Right" at a Liberty Fund
including three papers (on ISLM, ernment" at the Annual Meeting conference, and substituted for
the multiplier, and the Phillips of the Public Choice Society. Lew Rockwell (who was speak
Curve) in a forthcoming Praeger Tibor Machan of Auburn ing elsewhere) at a panel discus
volume on Keynes that grew out University published "Natural sion on Iraq for the Intercollegiate
of our Harvard conference. He Rights Liberalism" (Philosophy Studies Institute.
Adjunct Scholars and Senior Fellows
Murray N. Rothbard of the Southwest Economics Associa sulting" (Future-Oriented Training
University of Nevada, our head of tion as a discussant and was of Economic Consultants), has a
academic affairs and dean of the named a member of the Program paper on "German De-Socializa 7
Austrian school of economics, Committee. He also represented tion" forthcoming in a book pub
kept his usual busy schedule this the Institute at a large number of lished by the Mises Institute, and
year. In addition to working on gatherings, from Rotary Clubs to presented a paper on "Austrian
his multi-volume history of eco student seminars. Rationalism in the Age of the De
nomic thought, he edited The Re cline of Rationalism" at Hillsdale
Deborah Walker of Loyola
view of Austrian Economics and University received the Sears College.
wrote for TheJournal of Libertarian Roebuck Foundation Teaching Yuri Maltsev is in constant
Studies, contributed to The Free Excellence and Campus Leader demand as a speaker and writer.
Market (every month), The ship Award. His articles have appeared in
Rothbard-Rockwell Report pub Our senior fellows did ex
many publications, including
lished by the Center for Libertar American Enterprise, The Freeman,
traordinary work. Walter Blockof
ian Studies (every month), and The Free Market, the Journal of Eco
the Fraser Institute published
Chronicles, and reviewed many
"Earning Happiness Through nomic Growth, the Washington
books for both popular and schol Times, and the Seattle Times. Arti
Homesteading Unowned Land"
arly forums. He taught courses on cles about him have appeared in
(Journal of Social and Political Eco
Austrian economics, and served newspapers all over the country.
nomic Studies), "Rent Control: A
as an advisor for hundreds of fac
Case Study of British Columbia" And most recently he published
ulty and students in Austrian eco an article in the Washington Times
(Mid-Atlantic Journal of Business),
nomics. predicting that the 500-day plan
"Jewish Economics in Light of
of Soviet reformers will end as an
Joseph Salerno of Pace Uni Maimonides" (International Jour
utter failure. Yuri's constant
versity presented his paper "The nal of Social Economics), "Pay Eq
Concept of Coordination in Aus
message: Mises best understood
uity Laws—Plague or Panacea?"
the failings of socialism, and his
trian Macroeconomics: A Com (British Columbia Employment and
point of view offers the only way
ment on Garrison" at Hillsdale Labour Law Report), "The Dis
out for both the Soviet Union
College and at our Austrian collo counted Marginal Value Product
and the West. Yuri is also presi
quium. He wrote "Why Socialist Controversy" (Review of Austrian
Economy is 'Impossible'" for us, dent of Second Helping, a chari
Economics), among others. He also
an article with Robert Batemarco
table organization that helps the
had numerous interviews on
on "A New Measure of the U.S.
impoverished peoples of the
radio and television.
Money Supply" (The Mid-Atlantic U.S.S.R. during what we hope
David Gordon published will be their transition to capital
Journal ofBusiness), and published
many book reviews in the Review ism.
an article on "Ludwig von Mises
ofAustrian Economics, a review of Among our new adjunct
as Social Rationalist" in the Re
Errol Harris's "Formal and Tran
viewofAustrian Economics. He also scholars are Roy Cordato and
scendental Logic" (International Paul Gottfried of Elizabethtown
served as a commentator at a
Philosophy Quar
Washington, D.C., conference on
terly), and a new
money and banking.
book entitled Resur
Barry Smith of the Univer recting Marx (Trans
sity of Liechtenstein presented a action Press, 1990)
paper on "The Austrian School of demolishing "ana
National Economy" at the Inter lytical Marxism."
national Academy for Philoso
Hans Hoppe
phy. And Thomas C. Taylor of
published "The Eco
Wake Forest University pub
nomics and Sociol
lished a series of papers on busi
ness and accounting. ogy of Taxation"
(journal Dcs Econo
Mark Thornton of Auburn mists a et des Etudes
University planned his new Humaine), "Marxist
course on Austrian economics at and Austrian Class
Auburn and has a book on the Analysis" (Journal of
economics of prohibitionism Libertarian Studies),
forthcoming from the University "Entrepreneurship Professor Joseph Salerno of Pace University
of Utah Press. He attended the and Economic Con and the Mises Institute.
Adjunct Scholars and Senior Fellows
College and the Rockford Institute, invited to attend conferences on sity of Alabama at Birmingham);
and editor of a new conservative Adam Smith in Scotland and on Amy Marshall received her MA
Q journal on religion and politics. Carl Menger at Duke University, from UNLV and entered Notre
Samuel T. Francis, the much hon and published several articles in Dame's PhD program; Richard
ored essayist for the Washington the Austrian Economics Newsletter. Hite entered George Mason's PhD
Times and Chronicles, is our new Fiammetta Zahnd started an Aus program, along with Alex
media fellow. trian colloquium at UNLV John Mc- Tabarrok and Sofia Bump. Mark
Callie and Parth Shah of Auburn Thornton received his PhD from
Our students had a busy year, University successfully defended Auburn University where he is
in studying, attending classes, and their PhD dissertations (Parth is con now the Institute-sponsored O.P.
publishing papers and reviews. For tinuing his research and John is Alford III assistant professor of
example, Peter Klein of Berkeley was leaching economics at the Univer economics.
The collapse of commu ernment, this new scholarly orga One man wrote us: "It is a
nism abroad, and the nization—created by the Mises In pleasure to be able to work with
rise of statism at home, has led to stitute, the Rockford Institute, and the Institute toward the develop 11
a remarkable shift in the ideologi the Center for Libertarian Stud ment of truly free markets. It is
cal climate, as the right splits over ies—is building a coalition for very important, from a personal
the use of American military conservatives, libertarians, and standpoint, for an individual from
power for a "New World Order." classical liberals who have refused a country with a strong socialistic
to sell out to Washington. prejudice in all the political op
As a result of this, Murray
Rothbard and Lew Rockwell We met in Dallas, and heard tions of government, universities,
were invited to be charter mem from M.E. Bradford, Murray the press, you name it... to be in
bers of the Main Street Commit Rothbard, Samuel T. Francis, Joe touch with an uncompromising
tee of the Rockford Institute, and Sobran, Thomas Fleming of Chron institution on individual liberty
Murray was a featured speaker icles, Lew Rockwell, Ronald Ham- and private property."
at the first Main Street meeting, owy of the University of Alberta,
This year, as was fitting, two
held in conjunction with the Christian Kopff of the University
famous Marxist academics ad
Philadelphia Society, on "An of Colorado, and Bill Murchison.
mitted "Mises was right": Robert
Agenda for the Right." Other
John Judis, writing in Ameri Heilbroner of the New School, in
members of the committee in
clude Forrest McDonald of the can Progress, said Murray and Lew weasely fashion in an article in
University of Alabama; our are spearheading this new move the New Yorker, and Eugene Gen-
media fellow William Murchison ment. ovese of the University of Geor
of the Dallas Morning Nezvs; gia much more forthrightly in
Our Eastern European mail Commentary. Genovese said the
Howard Philips of the Conserva ing list has exploded, and we have
tive Caucus; Robert Nisbet of Co- "socialist collapse" was caused by
arranged for many boxes of free-
lumbia University; and M.E. "state ownership of the means of
market books to be delivered
Bradford of the University of production" and for the "reasons
there. An assistant minister of fi
Dallas. that Ludwig von Mises long ago
nance in Czechoslovakia vowed
identified." In the same article,
In November, we helped host that our books will "be used by
the entire Ministry of Finance as Genovese praised the "morally re
the first meeting of the John Ran
dolph Club. Named after the we move forward to change our sponsible Murray Rothbard" for
hardcore Jeffersonian who occa economic structure." Now if we
his "admirable protest" against
sionally thought his friend could only say that about the "cultural unraveling" and
Thomas had sold out to big gov United States Treasury! "libertinism."