Kurt R. Leube

  Zur 127. Wiederkehr seines Geburtstages am 8. Mai   “Before we explain why people commit mistakes, we must first explain why they should ever be right.” F.A. von Hayek I Weit mehr als die anderen sozialwissenschaftlichen Disziplinen scheint insbesondere die Nationalökonomie der periodischen Wiederholung längst widerlegter Thesen und den modischen Begriffen des jeweils herrschenden […]

  Memorizing a great Austrian scholar after 100 years.     “The value of goods is derived from the value of wants.” Friedrich von Wieser   TAKE AWAY Friedrich von Wieser taught at the universities of Vienna and Prague and succeeded Carl Menger at the University of Vienna in 1903. Together with his brother-in-law Eugen […]

250 years ago, Thomas Paine’s Common Sense swayed the masses and set the stage for the U.S. Declaration of Independence.   “It is not because a part of the government is elective, that makes it less a despotism, if the persons so elected possess afterwards, as a parliament, unlimited powers. Election, in this case, becomes […]

  “Es ist nicht nötig, die Lehre vom Wert, wie sie sich bei Marx findet, weiter zu verfolgen. Was bisher angeführt wurde, genügt, um die Stellung zu kennzeichnen, welche Marx in der Geschichte der Wertlehre gebührt. Diesbezüglich wird man nicht zu verkennen vermögen, dass, so radikal und weitgehend Marx in seinen praktischen Lehren sein mag, […]

  “Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government – in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in […]