Austrian economics

Austrian economics is big business: The Mises Institute’s $22 million war chest

According to the Ludwig von Mises Institute’s 2012 IRS 501(c)(3) tax-exempt filing, it reported a total of $22,268,915 in assets. We see then, how the promotion of Austrian economics is big business, and why its associates and founder, Lew Rockwell, are limited in what positions they will take on certain issues. For example, Lew Rockwell […]

KOL106 | Peter Schiff Show: Obamacare, Patent Reform

Kinsella on Liberty Podcast, Episode 106. I was a guest today on the Peter Schiff Show (guest host Stefan Molyneux), discussing: ObamaCare’s Next Legal Hurdle. Stephan Kinsella, patent attorney & director of the Center for the Study of Innovative Freedom, on how ObamaCare still fails any reasonable legal test, whether anything constructive may come from the Apple/Samsung […]

KOL100 | The Role of the Corporation and Limited Liability In a Free Society (PFS 2013)

Kinsella on Liberty Podcast, Episode 100. Note: Also podcast at PFP116. This is my speech at the 2013 Annual Meeting of the Property and Freedom Society (Sept. 22, 2013, Bodrum, Turkey). The video and slides are below. See also the Q&A panel [PFP117], which contains several interchanges between me and Sean Gabb about this issue. […]

Marx was right about capitalism

Hoppe has explained how Marx was “essentially correct” in his theory of history and class analysis. His main mistake was his understanding of exploitation, which was based on a flawed understanding of the labor theory of value. As Hoppe argues, drawing on Rothbardian libertarian and Austrian insights, the only meaningful exploitation is aggression against private […]

On the Danger of Metaphors in Scientific Discourse

From the Appendix to my post Objectivist Law Prof Mossoff on Copyright; or, the Misuse of Labor, Value, and Creation Metaphors, quoted below. See also “Objectivist Law Prof Mossoff on Copyright; or, the Misuse of Labor, Value, and Creation Metaphors”; “Hume on Intellectual Property and the Problematic “Labor” Metaphor”; “Thoughts on Intellectual Property, Scarcity, Labor-ownership, Metaphors, […]