Новости за 16.04.2024

Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.

One of the great myths of US history is that Herbert Hoover was a laissez-faire president. In truth, he intervened in the economy more than any of his predecessors, creating the crisis known as the Great Depression. His successor made things even worse.

Bastiat sought to abolish "the entire army" with the exception of "some specialized divisions" which would have to be staffed with volunteers since Bastiat also sought to abolish conscription.

There has been much hysteria over the rise of artificial intelligence, much of it overblown and downright silly. No, AI is not about to impose tyranny on helpless humanity. Like all other technology, AI is a tool that can be used for good or ill.

Zachary Yost reviewed John Mearsheimer and Sebastian Rosato's recent book How States Think: The Rationality of Foreign Policy. While the book is an excellent source of historical reflection, there are grounds to criticize its epistemology on Misesian grounds.

Over the past three years, the word sedition has again become popular among regime agents and their friends in the media.

Postmodern and Marxist "scholars" claim that private property simply is a social construct that is a product of white racism. Austrians reply that private property comes from natural rights, not vague social decrees.