Essays & News

The following series of articles presents the Austrian School of economics, 1000 words at a time. Nine economists. Twenty-seven articles. One coherent tradition that the establishment has been trying to ignore for 150 years. They were right. Article 5/27   Vienna. March 1938. The Gestapo enter Ludwig von Mises’s apartment the day German forces march into […]

  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 […]

  Abbas Araghchi, Iran’s foreign minister, met with President Vladimir Putin and other Russian leaders in St. Petersburg recently. Iran is a strategically important neighbor for Russia. Moscow’s main interest in Iran is access to the Indian Ocean. A railway line extends from Russia through Azerbaijan to Iran’s coastline ports. There is additional mutual interest in the […]

The puzzle that keeps repeating Argentina has tried to stabilize its economy before. It has done so under military governments and democratic ones, under heterodox programs and orthodox ones, under economists who believed in markets and politicians who did not. Each episode produced a period of relative calm. Each period eventually ended the same way. […]

  When it comes to China’s role in the war in Iran, there are two diametrically opposed viewpoints. One view holds that China and Iran, with Russia and North Korea, form an “axis of evil,” and that it is only natural for China to assist Iran. There is even a view within the United States […]