Misesians gather as ghost of dead economist haunts the planet

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Today, the ghost of Von Mises’s ideas haunts much of the planet, where governments have quietly, often secretly, fostered colossal debt bubbles that will almost be impossible to deflate without calamity.

Von Mises’s suggestion that credit bubbles are the key drivers of booms and depression, broadly known as the Austrian Business Cycle Theory, was first outlined in his 1912 book Theory of Money and Credit.

Murray Rothbard built on this theory in his own 1963 work America’s Great Depression, which provided a convincing case study on how the U.S. government fueled the 1920s stock market expansion, collapse and the ensuing spillover effects.

Banned from economics departments, government and central bank posts

Like many geniuses, the shear scope of Von Mises’s arguments against government intervention so boggled the minds of conventional thinkers that when he first began teaching in New York, the economics profession didn’t know what to make of him.

Part of the reason was financial. There is almost a limitless demand for economists who can argue how and why governments should spend more money.

 However, the economics profession is terrified of thinkers like Von Mises, who believe that human action by individuals and entrepreneurs is the key driver of all human progress.

That said, there are considerable signs that Misesian thought is taking hold at a grass roots level. The Mises Institute in Auburn, Alabama makes available for free on its website many of the late economist’s books, as well as hours of video lectures about his work.”

https://www.zerohedge.com/news/2018-11-01/misesians-gather-ghost-dead-economist-haunts-planet

SEE:

Only a minority of people understand the value of a creative genius–Mises

 

Why You Should Read Mark Thornton’s The Skyscraper Curse—By Richard Duke On Mises Wire

 

The Mises Reader Is Now Available

 

Karl Marx vs. Ludwig von Mises

 

Mises and Keynes

 

Mises Never Gave In to Evil

 

“The necessity of choosing between material and spiritual satisfaction cannot be evaded”–Mises

 

Mises: Human society is spiritual and teleological

 

Present-day universities are by and large “nurseries of socialism.”–Mises

 

“Production is a spiritual, intellectual, and ideological phenomenon”–Mises

 

Human Action, The Scholar’s Edition, by Ludwig von Mises

 

The Place of Human Action in the Development of Modern Economic Thought

 

Human Action and the Politics of Freedom | Llewellyn H. Rockwell, Jr.

 

Human Action in the Life of a Student | Shawn Ritenour

 

What Makes Human Action Different? | Roger W. Garrison