The Ultimate Foundation of Economic Science

DECEMBER 01, 2008 by LUDWIG MISES

Mises’s last book summarizes the contributions of a life-time. He explains the nature of human action, the dangers of handing over society to the social engineers, the superiority of the market economy, and the importance of understanding history if the totalitarian tragedy of the past is not to be repeated.

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November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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