Ludwig von Mises Institute

attributed to Ludwig von Mises’ oeuvre concerning money prices and economic quantities. Due to

Lincoln was a man of power, he loved being powerful, and he did that through war. Lincoln 's administration became popular for use of deadly force against anyone to deny the right to secession. (171) “Many historians have praised Lincoln for his micromanagement of the war effort.” (172) According to James McPherson, his work is "genius." (172) In the War Between the States, Lincoln invades the South, which makes him the aggressor. “During Lincoln’s war against the civilians Lincoln wanted Southern

correct, all of that research would be rejected, and since no one is willing to throw out good research, there is a problem with methodological individualism. Although methodological individualism is based on an infinite amount of possibilities, Mises (1998) writes, society is not a sui generis entity; “there is I and you and Bill and Joe and all the rest.” From a methodological individualism viewpoint, collective nouns describing social phenomena do not refer to independent substances. The idea

The Road to Serfdom Valid Today as it Was in 1944 The following paper will explore the book, The Road to Serfdom, by F.A. Hayek. I challenge that many of Hayek's assumptions are still valid today even though his book was written in 1944. Hayek's assumptions regarding 1) the government's rule of the law, 2) the concept of government-directed economic activity that includes artificial separation of economics and politics, and 3) the notion that the unscrupulous and uninhibited are likely

John Keynes and Friedrich Hayek where two of the most influential economic minds of the 20th century. Each of these men’s ideas had a great impact on the economy of numerous countries and helped countries find economic success different times. Keynes and Hayek had opposite ideas on what created a working economy that would be successful and avoid economical depressions like that of the United States great depression and the European depressions that resulted from the two World Wars. Keynes believes

Friedrich August von Hayek was born in Vienna, Austria in 1899 to a notable family. At the age of 19, Hayek started to attend the University of Vienna. While attending there, he received doctorates in law (1921) and political science (1923). During that time, Vienna was one of the top three universities for studying economics. Hayek went to college right after World War I, when Vienna was in poor conditions. Hayek hoped to better improve the social conditions in Vienna. During his time in Vienna

Our world revolves around money. How we get it and how we spend it. We need it to reach the basic necessities in our life. That was not always the case, but the market society has made it that way. Everything is based on prices. The market always existed, but society was never controlled by it. People are now going to work for gain, not for satisfaction. There has been a great transformation. People no longer are able to do things for themselves, making us dependant on a system of labour. People

Isaac Oraweme POL 2400 Fall 2015 Northeastern University Prof. Florencia Gabriele 11/21/2015 Classical Liberalism – Through The Ages In order to evaluate both concepts of liberalism, we should take in to consideration their historical contexts. Because every political philosophy is the product of a certain time and circumstance and therefore has its limitation(s). Classical Liberalism, which is also known as traditional liberalism, laissez-faire liberalism, or simply liberalism all over the world

The world we live in today is very complex in regards to the different types of jobs and services available. In general, there are endless options for people looking to get into the workplace, consisting of various job titles from health care, transportation to real-estate. However, this array of options was not always the case. The world we know of today has transitioned into a market economy. Polayni’s definition of market economy is “a self-regulating system of markets. It is an economy directed

The Northwood Idea Project Is the Northwood Idea relevant today? By now you all have read and formulated an opinion upon the relevance of the Northwood idea. Some of you may agree totally, while others may completely disagree. At the core of the Northwood Idea is the notion of developing the character of the student and learning how to serve others (Watts, 2014). As students, our character is developed by subscribing to the Judeo-Christian ethic by means of following the golden rule, emphasizing