The Decline and Fall of Gorbachev and the Soviet State

by Yuri N. Maltsev Yuri N. Maltsev, senior fellow of the Mises Institute, worked as an economist on Mikhail Gorbachev‘s economic reform team before emigrating to the United States in 1989. This is his 1992 introduction to Requiem for Marx. Lenin‘s slogan, “Marxism is Almighty Because It Is True,” was displayed practically everywhere in the former Soviet […]

“Repressed Inflation”: The Ailment of the Modern Economy

by Wilhelm Röpke The article is excerpted from Against the Tide. It originally appeared in Neue Zürcher Zeitung, June 14 and 15, 1947. Inflation Plus Collectivism Recent experience in many countries enables us to draw the picture of a strange distortion and stasis in economic life and to diagnose an economic ailment that, more and more, is […]

A Biography of Wilhelm Röpke

Wilhelm Röpke (1899-1966): Humane Economist by Shawn Ritenour Wilhelm Röpke devoted his scholarly career to combating collectivism in economic, social, and political theory. As a student and proponent of the Austrian School, he contributed to its theoretical structure and political vision, warning of the dangers of political consolidation and underscoring the connection between culture and […]

The Lawless State

by Karl Hess This article was first published as The Lawless State: A Libertarian View of the Status of Liberty. Volume IV, No. 4 in the National Issues Series of Politics, (Constitutional Alliance, 1969). The Nature of Government Government has gone wild. Today, in the land we like to think of as the most free on earth, government […]

I, Pencil

 by Leonard Read [From Anything That’s Peaceful: The Case for the Free Market, 1964] As I sat contemplating the miraculous make-up of an ordinary lead pencil, the thought flashed in mind: I’ll bet there isn’t a person on earth who knows how to make even so simple a thing as a pencil. If this could be demonstrated, it […]