Mises and Schumpeter: Friendly Rivals?

Ludwig von Mises and Joseph Schumpeter are the most famous economists trained by the older Austrian School, although generally Schumpeter has received the lion’s share of attention.This is especially true, for example, in the field of entrepreneurship.

Come Back to Gold

by Ludwig von Mises, Ludwig von Mises Institute [Excerpted from chapter 11 of Omnipotent Government by Ludwig von Mises.] The gold standard was an international standard. It safeguarded the stability of foreign exchange rates. It was a corollary of free trade and of the international division of labor. Therefore those who favored etatism and radical …