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The Fallacy of a Government Shutdown, the Reality of Freedom Lost

Another partial federal government “shutdown” began on December 22, 2018. The impression from the media and other commentaries easily suggested that the political and economic sky was about to fall. Various government departments were closed and some government services were reduced. And the fear was fostered that soon masses of people would be dying in the streets or driven ...

Carl Menger: A Biographical Appreciation by Friedrich von Wieser

Friedrich von Wieser (1851-1926) was one of the leading contributors in the “second generation” of the Austrian School of Economics. This memorial appreciation of Carl Menger, the founder of the Austrian School, was published in German not long after Menger’s passing in 1921. Wieser explains the state of economics before Menger’s writings on economic theory, the lasting importance ...