Mises Interviews, Episode 1, Mr. Sanjay Garg

Mises India Institute is starting a new program viz., Mises Interviews. In this program we will air interviews of those people who are promoting the ideas of Austrian Economics, Freedom and Peace in India. In the first episode of Mises Interviews we talk with Mr. Sanjay Garg, who is a Loksabha candidate of Swarna Bharat […]

What Should Rational Indian Savers Do?

The World Bank and IMF consider India to be among the fastest growing world economies. Recently India humiliated Pakistan by invading its airspace. Also, India became one of the rare countries capable of destroying low-orbit satellites. India is on its way to becoming the most populated country. It already has more youth than any other […]

Book Review – Kashmir in Conflict : India, Pakistan and the Unending War

After the Pulwama attack on CRPF convoy, which killed 44 soldiers, on 14th February and the following mini war between the arch foes Pakistan and India, the conflict of Kashmir is again in the focus in India as well as internationally. Reports are now coming out that during the tension Indian and Pakistani governments were […]

War is the Health of the State

The American journalist Randolph Bourne in his famous essay, The State, said, The moment war is declared, however, the mass of the people, through some spiritual alchemy, become convinced that they have willed and executed the deed themselves. They then, with the exception of a few malcontents, proceed to allow themselves to be regimented, coerced, […]

Unemployment in India

A recent news headline said, As many as 7,000 persons, mostly graduates, had applied for 13 vacant posts of canteen waiters in Mantralaya, the Maharashtra secretariat. Another said, As Narendra Modi government and opposition fight over ‘jobs crisis’ in India, another surprising news has come from Uttar Pradesh where over 93,000 candidates including Phd holders, […]

13 Economists and their Economic Strategy for India

Former governor of RBI Dr. Raghuram Rajan and MIT professor Dr. Abhijeet Banerjee have written an article, viz. Eight things India must do in 2019, in Times of India on 1st January, 2019[i] in which they present a list of eight things which according to them India, government and people collectively, must do in new […]

Modi’s Universal Basic Income Gambit

According to the MSN news, the Modi government is preparing to introduce a universal basic income (UBI) scheme before next year’s general election. The government will transfer a certain amount into the bank accounts of citizens who are unable to earn an income. The Centre has been facing a relentless Opposition onslaught over a slew […]

J B. Say and Today’s Fiat Paper Money Standard

What is money? What are the qualities of money? Is the note of rupee, that you hold in your hand daily, money? What is wrong with today’s fiat paper monetary system which is in the root of our problems of inflation, business cycles, government’s reckless spending and ballooning fiscal deficits, central bankers’ enabled nation state […]

Capitalism, Overpopulation and the Environment

It is difficult to place oneself in the national conversation without entering the hotly debated sphere of “sustainability,” and what needs to be done to create a “sustainable” future, characterized by the usage of resources such that future prosperity is not hindered. It would seem as though the key to ensuring the existence of sufficient […]

The Wisdom of Étienne Bonnot, Abbé de Condillac – Part II

We saw the brilliant insight of Condillac in my last article. In the second part of his book Condillac discusses the evil effects of many different kinds of government restrictions on the free trade. He brilliantly uses the economic principles developed in the first part to prove his points. His arguments are so lucid and […]