While the average person thinks economics begins with Adam Smith and his Wealth of Nations, readers of the Mises Wire know that the story goes back much further than that. Members of the Austrian school commonly describe their earliest intellectual predecessors, the late Scholastics, as “proto-Austrians.” In Jesús Huerta de Soto’s chapter on Juan de Mariana in 15 Great Austrian Economists, Huerta de Soto writes of ten major contributions to what would go on to be important Austrian school concepts: The subjective theory of value The proper relationship between prices and costs The dynamic...
Can Opportunism Ever Be Libertarian?
Recently, Texas Governor Greg Abbott announced that he would be banning any COVID-19 vaccine mandates, "including for private employers.” In response, Mises Institute Senior Fellow Bob Murphy, tweeted “For the record: I think it’s a mistake to applaud government bans on the rules a business can put in place regarding its clientele. All the warnings of slippery slope apply.” This argument is straightforward and completely logical. Any foundational understanding of libertarianism would tell one that government action is contrary to our goal—especially government action that takes away part of...
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Hotter Than The Sun: Time To Abolish Nuclear Weapons
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