WEBVTT NOTE A World of Mises and Mises.org 1 00:00:00.000 --> 00:00:13.000 We've got three minutes so I can just kill it, browsing the web. I never kill time browsing the web, right? None of us do. None of us just kill time browsing the web. 2 00:00:13.000 --> 00:00:26.000 This is the Google News site and it's really nice. The Google News actually sort of trolls around Mises org every morning and digs up any news stories and puts them up on the news site. 3 00:00:26.000 --> 00:00:56.000 and they can deliver to you, down at the bottom you'll see this little link says get the latest news on Mises with Google Alert so they can deliver to you on your email address any new content from Mises.org, it's actually quite remarkable, also sometimes the front page will, it's really amusing, you go to the business page and sometimes they'll have a Mises Institute story right up at the top, it's just startling, it's amazing, we're competing with all the Forbes 4 00:00:56.000 --> 00:01:03.720 I'm going to just go through this little presentation here real quickly so we can have plenty of 5 00:01:03.720 --> 00:01:09.200 time for questions since I know that there's a lot of questions about the relationship 6 00:01:09.200 --> 00:01:13.280 between the web and our work here at the Mises Institute. 7 00:01:13.280 --> 00:01:15.000 Can everybody hear me okay? 8 00:01:15.000 --> 00:01:18.880 For some reason it feels like I'm speaking softly, it's the new high-tech thing I guess, 9 00:01:18.880 --> 00:01:19.880 were you? 10 00:01:19.880 --> 00:01:24.720 Anyway, it's long ago that in order to have light, one had to rely exclusively on the 11 00:01:24.720 --> 00:01:54.720 is nearly impossible for us to imagine such deprivation, and when the power goes out, as it does more than we would like, owing to government intervention in the industry, we are all reminded how dependent we are on electricity and lighting technology for our everyday lives, and contrary to what the Luddites say, this dependency is a good thing, because it improves our quality of life, and provides evidence of the merit of human cooperation through market means. 12 00:01:54.720 --> 00:02:06.720 In order to, there was a time when in order to read a text of anything, you had to have a physical copy in your hands that had to be sent to the mails or delivered in person. 13 00:02:06.720 --> 00:02:11.720 There was no way that one copy could be read by multiple people at the same time. 14 00:02:11.720 --> 00:02:16.720 The generation now being raised finds this nearly impossible to believe. 15 00:02:16.720 --> 00:02:19.720 How did this system work? 16 00:02:19.720 --> 00:02:22.720 My nine-year-old daughter asks me. 17 00:02:22.720 --> 00:02:27.720 I explained that the Internet became consumer accessible only ten years ago. 18 00:02:27.720 --> 00:02:34.720 But she hears that as before her lifetime, so it might as well be before cars, electricity and indoor plumbing. 19 00:02:34.720 --> 00:02:39.720 It's all the dark ages to her. And in some ways it was. 20 00:02:39.720 --> 00:02:50.720 Before Mises Orger went online on October 2, 1995, the mails and hand delivery were the only two ways that the material we produced could be distributed and made available. 21 00:02:50.720 --> 00:02:56.720 and how well I recall spending hours every day searching through back issues of the Austrian Economics newsletter, 22 00:02:56.720 --> 00:03:04.720 the free market, the review of Austrian Economics and all of our publications just to find the article that a caller on the phone was requesting 23 00:03:04.720 --> 00:03:10.720 and copying it on the photocopy machine, at least we had those, and we put it in an envelope 24 00:03:10.720 --> 00:03:16.720 and give it to a government employee to take it to the person who wanted to receive it. 25 00:03:16.720 --> 00:03:46.720 to receive it, and so then the advent of the fax machine was a wonderful thing, of course the fax machine in those days was the size of a washing machine, but it was amazing technology, it was a stunning breakthrough, and in some ways it's remarkable to think that our ideas ever got a hearing though, given all the barriers we faced, in order to discover of the existence of the Mises Institute or Misesian ideas, you had to have heard a speech somewhere, 26 00:03:46.720 --> 00:03:56.720 or searched the Reader's Guide to Periodical Literature and found our publications listed among the millions upon millions. 27 00:03:56.720 --> 00:04:02.720 In my own case, I was walking along the street in Washington, D.C., looked up and saw a sign that said the Mises Institute. 28 00:04:02.720 --> 00:04:08.720 I couldn't believe my eyes because I had already read something like five Mises books at the time. 29 00:04:08.720 --> 00:04:14.720 Very impressive, a Mises Institute. Amazing. Just looking at the sign gave me great hope. 30 00:04:14.720 --> 00:04:44.720 Hope. But unless a professor assigned a reading or was warned students not to read Mises or Rothbard, censorship being the best form of advertising, it was very likely that students would go through many years of schooling, even in economics, without ever having heard about the Austrian School. In my own case, a professor warned me not to read Rothbard. That was it. I couldn't. I ran, grabbed Man Economy and State, read the whole thing cover to cover. What am I not supposed to read? 31 00:04:44.720 --> 00:04:52.720 Yet somehow we managed, but rather than focusing on the bad old days, let's talk about the age when the information lights came on. 32 00:04:52.720 --> 00:05:02.720 Our first site was put online by our current adjunct scholar Peter Klein, and then our membership coordinator Susan Thomas took it over. 33 00:05:02.720 --> 00:05:13.720 Later it became a group project, and remains so today, as it must be, because Mises, Oregon is far more than a website, it is a city, even a civilization unto itself. 34 00:05:13.720 --> 00:05:20.720 With the web, it became possible to put every word ever written by the Austrian economists online 35 00:05:20.720 --> 00:05:24.720 so that the magnificence of this tradition of thought could be made available to the entire world 36 00:05:24.720 --> 00:05:32.720 and thus amplifying and extending the hard work of thousands over a period of more than a hundred years. 37 00:05:32.720 --> 00:05:39.720 It became possible to provide instantaneous delivery of every publication ever put out in the history of the Institute, 38 00:05:39.720 --> 00:05:44.720 to provide a running commentary on world affairs that competes with major news organizations. 39 00:05:44.720 --> 00:05:49.720 I already mentioned that we're chronicled by the Google news page, but also moreover.com, 40 00:05:49.720 --> 00:05:56.720 which provides news feeds to websites all over the world based on topics. 41 00:05:56.720 --> 00:06:01.720 moreover.com puts a spider through our site every day. 42 00:06:01.720 --> 00:06:05.720 We provide interactive research guides and bibliographies, 43 00:06:05.720 --> 00:06:35.720 and other bibliographies reducing from months to minutes the time that it used to take to assemble these bibliographies with far more accuracy and became possible to share files and hold books across the world with only a few clicks and to listen to the voices of Mises and Margaret von Mises even and Murray Rothbard and all of our scholars and any recording ever made in the history of the Austrian School just by pointing and clicking became possible to deliver news of the Austrian School 44 00:06:35.720 --> 00:07:05.720 on an ongoing basis and with our new RSS feed any changes in the weblog or available articles can be mirrored on thousands and millions of sites and blogs anywhere in the world all thanks to a few lines of computer code I'm just going to pause here just a second and point you to the RSS feed links here this is our new gizmo it's syndication code you put these little lines of code 45 00:07:05.720 --> 00:07:17.720 in your blog or your site, and you immediately have access to the following files. 46 00:07:21.720 --> 00:07:25.720 These little things right here, down here at the bottom, these boxes. 47 00:07:27.720 --> 00:07:30.720 They give the front page articles on all items from the blog. 48 00:07:30.720 --> 00:07:53.720 and we can also syndicate on Mises.org any other RSS compatible software, for example lewrockwell.com has an RSS feed, it can immediately appear there every day including the blog, so remarkable, instantaneous and multiplies our impact by potentially million times. 49 00:07:53.720 --> 00:08:08.720 Most fundamentally, Mises does the most important thing extremely well and efficiently, it lets the world know that these ideas exist and interested students don't need to scour the libraries to find out about our work anymore. 50 00:08:08.720 --> 00:08:19.720 They can go there in an instant with a quick Google search or any other search, type the word Mises and you're there, and the world opens up to you. 51 00:08:19.720 --> 00:08:30.720 Before getting into what is available, just a few comments on usage. I know you'll have some questions about this in the few minutes that I've got left. 52 00:08:30.720 --> 00:08:44.720 In September 2003, Mises Org logged 1,209,295 page views. This is individual users examining a particular URL in the site. 53 00:08:44.720 --> 00:08:55.120 site. The site logged a total hit count in September of last month of 11,255,688 hits. 54 00:08:55.120 --> 00:09:01.280 This is huge and a commercial site would gladly pay a huge price for this level of interest. 55 00:09:01.280 --> 00:09:05.600 At any one time, day or night, every day, year round, between 300 and 600 people are 56 00:09:05.600 --> 00:09:10.400 on the Mises Institute site reading short articles or whole books or listening to lectures 57 00:09:10.400 --> 00:09:12.600 are doing research of one sort or another. 58 00:09:12.600 --> 00:09:14.760 It's like an ongoing seminar, 59 00:09:14.760 --> 00:09:17.060 three times the size of this conference. 60 00:09:18.440 --> 00:09:20.480 And it goes on constantly. 61 00:09:20.480 --> 00:09:22.980 In fact, the daily traffic of the site 62 00:09:22.980 --> 00:09:25.640 dwarfs any government agency you can name. 63 00:09:25.640 --> 00:09:29.160 It exceeds that of the UN, the IMF and the World Bank. 64 00:09:29.160 --> 00:09:32.000 It beats the Fed, the American Economic Association, 65 00:09:32.000 --> 00:09:34.200 National Bureau of Economic Research, 66 00:09:34.200 --> 00:09:36.880 Brookings Institution, American Enterprise Institute 67 00:09:36.880 --> 00:09:37.880 and all the rest. 68 00:09:37.880 --> 00:09:48.280 And in fact, if there's a more trafficked institutional site focusing on economics and liberty anywhere in the world, I don't know about it. 69 00:09:48.280 --> 00:09:52.040 It's not bad for a movement that used to think of itself as a remnant. 70 00:09:52.040 --> 00:09:56.800 What we've learned is that interest in our tradition of thought is far vaster than we ever imagined. 71 00:09:56.800 --> 00:10:01.520 We've also learned that our potential market is far larger than we ever thought. 72 00:10:01.520 --> 00:10:07.400 Our daily email list for receiving full article texts is nearing the 11,000 mark. 73 00:10:07.400 --> 00:10:08.400 That's every day. 74 00:10:10.000 --> 00:10:12.600 Our news and blog lists are similarly large. 75 00:10:13.720 --> 00:10:15.840 By the way, if you're not on these email lists, 76 00:10:15.840 --> 00:10:20.840 click that button, sign up, and we'll inundate you. 77 00:10:23.040 --> 00:10:28.040 Our working papers and study guide and journals 78 00:10:33.720 --> 00:10:36.320 and audio files, bibliographies, biographies are linked 79 00:10:36.320 --> 00:10:46.320 and imitated the world over, our site is extra rich, content rich, so you don't have to get through a lot of baloney to get to the stuff you want. 80 00:10:46.320 --> 00:10:55.320 And it never talks down to anyone. Let me say a few words about the financials of running a site like this. 81 00:10:55.320 --> 00:10:58.320 It's very interesting and not many people understand this. 82 00:10:58.320 --> 00:11:05.320 It's very common for people who have never managed sites of this size and reached to believe that the goal of all websites is to garner hits. 83 00:11:05.320 --> 00:11:11.320 And in some sense, this is true, but beyond a certain level, usage can be very expensive. 84 00:11:11.320 --> 00:11:16.320 Hits become costly because bandwidth itself is very expensive. 85 00:11:16.320 --> 00:11:22.320 A linked file that delivers rich content can cost a service provider thousands of dollars. 86 00:11:22.320 --> 00:11:27.320 Costs which contracts typically specify are to be passed on to the domain owner. 87 00:11:27.320 --> 00:11:32.320 By that I mean, you know, whoever it is, Mises Institute. 88 00:11:32.320 --> 00:11:39.320 What at first seems to be a wonderful boon, a link from dread, for example, can turn into a bust overnight. 89 00:11:39.320 --> 00:11:44.320 That's like a futures market or something, you know, margin calls. 90 00:11:44.320 --> 00:11:50.320 This is why you're increasingly seeing do-not-link signs posted on smaller sites. 91 00:11:50.320 --> 00:11:53.320 If you're wondering what those are about, that's what it's about. It can be very expensive. 92 00:11:53.320 --> 00:11:58.320 It's especially expensive for a non-profit institute to keep shelves of books and journals available, 93 00:11:58.320 --> 00:12:28.320 And yet it must exist, it must thrive, even for one student out there who could become the next Mises, or Hayek, or Rothbard, and that's why the Mises Institute is so grateful for its benefactors who keep us online to donate or support the Mises Institute is similar to piously supporting a great archive, or a media archive, and that's why the Mises Institute is so valuable. 94 00:12:28.320 --> 00:12:34.640 Museum or Rare Book Collection, to which great editions are made every day, every hour. 95 00:12:34.640 --> 00:12:40.520 It's an investment for the ages and one that benefits all of humankind. 96 00:12:40.520 --> 00:12:44.920 Onward now to some treasures in Mises or you may not have discovered, starting with some 97 00:12:44.920 --> 00:12:53.600 of my favorite audio files, the Robert Lefebvre Commentaries. 98 00:12:53.600 --> 00:12:55.920 Chad and I were talking the other day. 99 00:12:55.920 --> 00:12:56.920 These are amazing. 100 00:12:56.920 --> 00:13:13.920 He's an unsung hero of the movement of liberty. In the 1950s, he had the idea of starting a school in Colorado Springs, Colorado, that provided a forum for radical thinkers in our tradition to have students to teach. 101 00:13:13.920 --> 00:13:22.920 Mises taught there, as did Rosewilder Lane and Frank Trotterhoff, James Martin, and many others, but the biggest impact he might have had was through his own speeches. 102 00:13:22.920 --> 00:13:27.920 They were legendary. He might have been the greatest speaker in the history of libertarian ideas. 103 00:13:27.920 --> 00:13:31.920 You can hear passion in every word that reflect extremely careful thought 104 00:13:31.920 --> 00:13:35.920 and his capacity for distilling complicated ideas down to their essence. 105 00:13:35.920 --> 00:13:37.920 He was utterly tireless as a speaker. 106 00:13:37.920 --> 00:13:44.920 But when he died in 1986, he surely had no idea that 16 years later his words would come back to life 107 00:13:44.920 --> 00:13:48.920 with his permanent collection on Mises org, now available to the world. 108 00:13:48.920 --> 00:13:57.920 The Mises Institute is grateful to be the recipient of the Lafive Archives and the successor institution to the one he founded in Colorado. 109 00:13:57.920 --> 00:14:03.920 If you've not done so, take a few hours and listen. You might start with this talk on human rights or who owns what. 110 00:14:03.920 --> 00:14:13.920 You'll be immediately hooked, and let's see if I can actually pull this off. 111 00:14:13.920 --> 00:14:18.480 Conflict in Ownership 112 00:14:18.480 --> 00:14:23.840 In thinking of the various ways that human beings own property, we discover that property 113 00:14:23.840 --> 00:14:29.980 can be owned, it can be unowned, and it can be in a state of conflict. 114 00:14:29.980 --> 00:14:34.440 And it's extremely important, if we're going to maximize human well-being, which I think 115 00:14:34.440 --> 00:14:39.500 that's something we would all like to do, it's extremely important, it seems to me, 116 00:14:39.500 --> 00:14:45.700 that we begin avoiding or at least minimizing the areas of conflict. 117 00:14:45.700 --> 00:14:50.860 And one of the most important things here, it seems to me, would be to remove as much 118 00:14:50.860 --> 00:14:58.780 as possible types of ownership which automatically are going to lead into conflict of one sort 119 00:14:58.780 --> 00:14:59.780 or another. 120 00:14:59.780 --> 00:15:00.780 So he's great, isn't he? 121 00:15:00.780 --> 00:15:01.780 What a voice. 122 00:15:01.780 --> 00:15:02.780 He's just, he's amazing. 123 00:15:02.780 --> 00:15:03.780 There's something about it. 124 00:15:03.780 --> 00:15:08.300 I'm looking forward to my children get old enough to listen to this, and we make them 125 00:15:08.300 --> 00:15:10.300 Sit down and listen to every one of these files. Look at this. 126 00:15:10.300 --> 00:15:13.300 There's your mark. 127 00:15:13.300 --> 00:15:19.300 Okay. Yeah. Yeah. 128 00:15:19.300 --> 00:15:22.300 So there they are. There they are. 129 00:15:22.300 --> 00:15:25.300 No charges, no access fees, nothing. They're just there. 130 00:15:25.300 --> 00:15:29.300 And so long as we're on the topic of audio files, 131 00:15:29.300 --> 00:15:32.300 how many of you have listened to Mises speak? Have you ever heard Mises speak? 132 00:15:32.300 --> 00:15:34.300 Okay. He's on here. 133 00:15:34.300 --> 00:15:43.300 And we've got his 1956 speech, Liberty and Property, and you can read along with it while you listen to the speech. 134 00:15:43.300 --> 00:15:47.300 And there's this 1962 talk on the origins of the Austrian School. 135 00:15:47.300 --> 00:15:50.300 He's introduced by William Peterson, or you can listen to Margit. 136 00:15:50.300 --> 00:15:53.300 Oh, let's listen to Margit. 137 00:15:53.300 --> 00:16:00.300 This is Margit von Mises. 138 00:16:00.300 --> 00:16:03.300 Chad, what are we going to, help me, okay, here we go. 139 00:16:03.300 --> 00:16:24.900 I was asked to tell you about Ludwig von Mises, the man. I most willingly agree that I shall 140 00:16:24.900 --> 00:16:31.900 I cannot talk to you about him as my name, for you already know that. 141 00:16:31.900 --> 00:16:37.900 I want to tell you about the man in terms of his personality. 142 00:16:37.900 --> 00:16:50.900 In this sense, he was first of all a human being, concerned about the state of the world, and foremost, he was a fighter. 143 00:16:50.900 --> 00:17:01.460 Perhaps you didn't take a course from Murray Rothbard on economics and you 144 00:17:01.460 --> 00:17:08.420 always wanted to, well you can do it. We've got an entire semester of 145 00:17:08.420 --> 00:17:14.300 lectures from Murray up here. Or perhaps you regret missing the Austrian Scholars 146 00:17:14.300 --> 00:17:17.580 Conference for the last several years, you can listen to all that 147 00:17:17.580 --> 00:17:26.580 Going back to text, MisesHorg features all the writings of Mises that we can possibly put online given copyright restrictions. 148 00:17:26.580 --> 00:17:30.580 I'll get calls sometimes that tell me what an outrage it is that we don't have Menger's Principles online. 149 00:17:30.580 --> 00:17:33.580 I would love to put Menger's Principles online, but we can't get copyright. 150 00:17:33.580 --> 00:17:39.580 Anything we can get copyright to, we put up in as many formats as possible. 151 00:17:39.580 --> 00:17:44.580 PDF, text, palm, often with links to reviews and other source material. 152 00:17:44.580 --> 00:17:50.580 People sometimes ask, why are we putting this text online if we're also selling Mises' books? 153 00:17:50.580 --> 00:17:53.580 Does that make any sense? Well, there's two ways to answer that. 154 00:17:53.580 --> 00:17:58.580 The first is that the primary job of the Mises Institute is to get the information out to the world. 155 00:17:58.580 --> 00:18:02.580 And it would be contrary to our mission to have that information available to us 156 00:18:02.580 --> 00:18:07.580 and somehow withhold it from the world pending the sales of books and essays. 157 00:18:07.580 --> 00:18:11.580 That's not the point. The idea is to get stuff out there. 158 00:18:11.580 --> 00:18:18.580 But there's a second point that's kind of complicated, and it speaks to an issue that's becoming increasingly obvious to booksellers themselves. 159 00:18:18.580 --> 00:18:25.580 Putting text online is not always competitive with hard copy sales that can often even increase sales, 160 00:18:25.580 --> 00:18:30.580 simply because making the text available increases interests in the book or article. 161 00:18:30.580 --> 00:18:36.580 My own impression is that whenever we put a text online, it tends to be talked about sighted, discussed, 162 00:18:36.580 --> 00:18:39.580 and otherwise goes from being invisible to becoming highly visible, 163 00:18:39.580 --> 00:18:43.580 and from the point of sales, this is all to the good. 164 00:18:43.580 --> 00:18:46.580 Continuing with my own picks of great material on Mises.org, 165 00:18:46.580 --> 00:18:49.580 we have many readers who write to say that there are words in our articles 166 00:18:49.580 --> 00:18:52.580 or Mises's writings that they don't understand. 167 00:18:52.580 --> 00:18:55.580 No? Okay. 168 00:18:55.580 --> 00:18:58.580 We've got a really neat thing here. 169 00:18:58.580 --> 00:19:03.580 It was done several years ago, but it holds up. 170 00:19:03.580 --> 00:19:18.580 This is Mises Made Easier, Percy Graves. It's a little online dictionary of Mises' works of sorts. 171 00:19:18.580 --> 00:19:25.580 And all these are links, so let's just click one randomly. 172 00:19:25.580 --> 00:19:30.580 Classical Liberalism, it takes you to it, and stop. 173 00:19:32.860 --> 00:19:34.700 The Doctrines and Policies of Traditional Liberal. 174 00:19:34.700 --> 00:19:36.300 Whoop, we gotta click again. 175 00:19:36.300 --> 00:19:37.980 And there you get Liberalism. 176 00:19:37.980 --> 00:19:40.060 And look at this, down here at the bottom, 177 00:19:40.060 --> 00:19:43.340 all these links, they go to, I'm stating them in here, 178 00:19:43.340 --> 00:19:44.780 they all go to Human Action. 179 00:19:46.060 --> 00:19:47.860 So it takes you everywhere. 180 00:19:47.860 --> 00:19:52.540 The thing involves unbelievable hours of work, 181 00:19:52.540 --> 00:19:53.980 and it's a wonderful thing. 182 00:19:55.580 --> 00:20:03.580 The linking was done several years ago, but it holds up as a marble, and you can find a way around this definitional book very easily. 183 00:20:03.580 --> 00:20:12.580 Or you can go to the source directly via this little amazing thing here. 184 00:20:12.580 --> 00:20:19.580 This is the Human Action Interactive Index. 185 00:20:19.580 --> 00:20:27.580 Yeah, that's all of Human Action, indexed with links. Unbelievable. 186 00:20:29.580 --> 00:20:36.580 We were joking the other day that if any of us had any idea what was going to be involved in getting Human Action online, 187 00:20:36.580 --> 00:20:40.580 we probably never would have begun the project. 188 00:20:40.580 --> 00:20:46.580 In any case, now it's online in many formats with that extraordinary interactive index. 189 00:20:46.580 --> 00:20:51.580 Within the last year, we've placed ever greater emphasis on getting inaccessible books online. 190 00:20:51.580 --> 00:20:57.580 Two in particular are worth mentioning here that we've put up recently. 191 00:20:57.580 --> 00:21:01.580 Let me just go to those. 192 00:21:01.580 --> 00:21:05.580 Study Guide. 193 00:21:05.580 --> 00:21:10.580 No, no, no, not that. 194 00:21:10.580 --> 00:21:13.580 Mock Loop. 195 00:21:13.580 --> 00:21:17.180 and Stock Market, Credit and Capital Formation. It's one of those books that every Austrian 196 00:21:17.180 --> 00:21:23.700 wishes that he or she owned, but you can't get it from anywhere. You can't get it from 197 00:21:23.700 --> 00:21:29.660 bookfinder.com. You can't find it anywhere. It was produced under the auspices of the 198 00:21:29.660 --> 00:21:35.540 Institute for Business Cycle Research that Mises headed. And well, we got copyright 199 00:21:35.540 --> 00:21:42.660 to it. Put it right up. There it is. Print it out. That's a great Austrian treatise on 200 00:21:42.660 --> 00:21:47.660 Frank Fetter's Principles of Economics 201 00:22:12.660 --> 00:22:16.220 or into an email or anything else. 202 00:22:16.220 --> 00:22:18.420 They're extremely high quality editions. 203 00:22:18.420 --> 00:22:21.220 You hardly ever see this kind of stuff online. 204 00:22:21.220 --> 00:22:24.900 I hardly ever see anything of this quality online. 205 00:22:24.900 --> 00:22:26.500 There were days of worldwide celebration 206 00:22:26.500 --> 00:22:29.700 after the release of both of these books, I can tell you. 207 00:22:29.700 --> 00:22:31.400 Students and professors have been desperate 208 00:22:31.400 --> 00:22:32.620 for copies for years. 209 00:22:34.500 --> 00:22:36.220 Recently too, we've been working to put more 210 00:22:36.220 --> 00:22:37.420 and more outstanding articles, 211 00:22:37.420 --> 00:22:39.540 scholarly articles by Rothbard online. 212 00:22:39.540 --> 00:22:54.540 Now, as we all know, Rothbard wrote a lot of stuff. Many of these, that was the study guide by the way, you just click the word Rothbard and up comes all this, all these things. 213 00:22:54.540 --> 00:23:02.540 Many of these articles are, you know, there's so much of it that it's very easy to overlook some things. 214 00:23:02.540 --> 00:23:12.540 So, we've been hard at work getting these things online. Let's see if I can find one that we put up recently. 215 00:23:12.540 --> 00:23:19.540 Panic of 1819 is one of those books we put up recently. 216 00:23:19.540 --> 00:23:24.540 Okay, here's one. Praxeology, Value Judgments and Public Policy. 217 00:23:24.540 --> 00:23:29.540 A tremendous short description of the Austrian method of economics. 218 00:23:29.540 --> 00:23:40.540 Inaccessible until two weeks ago, and already classrooms are linking to that URL and asking students to read it. 219 00:23:40.540 --> 00:23:44.540 So it went from invisible to visible just by putting it up there. 220 00:23:44.540 --> 00:23:50.540 As we work more and more to getting text online, the database in which they're linked is the study guide, 221 00:23:50.540 --> 00:23:57.540 and that was the thing that I was just fiddling with over here, is that, that. 222 00:23:57.540 --> 00:24:02.100 It's a 20-year project and it's added to on a daily basis. 223 00:24:02.100 --> 00:24:04.580 The work represents the work of many dozens of scholars. 224 00:24:04.580 --> 00:24:12.100 They're not only a, we started in 1982 with something like a 12-page handout. 225 00:24:12.100 --> 00:24:13.780 And now look what it's become. 226 00:24:13.780 --> 00:24:16.180 I forget now how many entries it has. 227 00:24:16.180 --> 00:24:18.420 Thousands and thousands and thousands of entries. 228 00:24:18.420 --> 00:24:23.780 All these guys here, you just click on their link and up comes their bibliographies 229 00:24:23.780 --> 00:24:25.300 and then go to their article by the name. 230 00:24:25.300 --> 00:24:28.140 You can search here under all the topics, 231 00:24:28.140 --> 00:24:32.580 arranged according to Austrian categorizations. 232 00:24:32.580 --> 00:24:34.460 So you want to know about competition 233 00:24:34.460 --> 00:24:37.100 in the Austrian tradition, there it is. 234 00:24:37.100 --> 00:24:40.200 The stuff in blue is all online, all linked and available. 235 00:24:42.460 --> 00:24:44.020 We have bibliographies online. 236 00:24:44.020 --> 00:24:47.580 There's a complete interactive Mises bibliography. 237 00:24:47.580 --> 00:24:50.600 Rothbard, Hazlitt, Fetter, 238 00:24:51.500 --> 00:24:53.340 our working papers section of the site. 239 00:24:55.300 --> 00:25:04.260 gives an opportunity to scholars from all over the world to upload their papers and get harm, 240 00:25:04.260 --> 00:25:10.820 sorry, I was just reading, yeah, that's Mark Thornton's article, and get comments from readers. 241 00:25:11.700 --> 00:25:17.060 There's a fellow who put a working paper online two years ago and he's never published the paper 242 00:25:17.060 --> 00:25:21.140 because he continues to get comments, you know, on an ongoing basis and he keeps adding to the paper. 243 00:25:51.140 --> 00:26:04.140 Well, we're starting to put up these syllabuses online now so that other professors that are teaching the course can immediately go to the syllabus and dig it up and see what other people are doing and create their own. 244 00:26:04.140 --> 00:26:07.140 Why not make it public? You know, it's useful information. 245 00:26:07.140 --> 00:26:16.140 And you can see, of course, that these little things in blue down here are links to what we have online. 246 00:26:16.140 --> 00:26:23.140 And if you know the way students are, they're far more likely to click what's on their computer than they are to dig through libraries. 247 00:26:23.140 --> 00:26:31.140 Let me just take you back to the periodical section. 248 00:26:31.140 --> 00:26:38.140 This is all the periodicals that we publish, and we've got everything online dating all the way back from the beginning of the institute. 249 00:26:38.140 --> 00:26:42.140 In some ways, this section of the site is the most pious towards those who have preceded us. 250 00:26:42.140 --> 00:26:46.320 When Murray Rothbard started left and right on a shoestring and sent this fledgling journal 251 00:26:46.320 --> 00:26:51.060 out to a few hundred people, it's the one down here in the far left corner, he never 252 00:26:51.060 --> 00:26:54.220 would have imagined that all these years later it would become a part of the structure of 253 00:26:54.220 --> 00:26:58.400 the history of ideas in the 20th century, but thanks to this technology that permits 254 00:26:58.400 --> 00:27:03.420 us to keep the entire run available, it continues to educate, and you can read for example his 255 00:27:03.420 --> 00:27:06.980 original version of Left and Right and the Prospects for Liberty here. 256 00:27:06.980 --> 00:27:10.900 The Complete Austrian Economics Newsletter, Quarterly Journal of Austrian Economics, Review 257 00:27:10.900 --> 00:27:15.460 Review of Austrian Economics, Free Market, Mises Review, it's all here. 258 00:27:15.460 --> 00:27:21.860 And for those who are visiting us locally, we've got our complete, we've got about 24,000 259 00:27:21.860 --> 00:27:22.860 books. 260 00:27:22.860 --> 00:27:29.580 They're all chronicled by the title and the last name and the subject, so you can find 261 00:27:29.580 --> 00:27:31.420 your way around here. 262 00:27:31.420 --> 00:27:37.940 By the way, Google put every URL in this library into their search engine, so we're constantly 263 00:27:37.940 --> 00:27:40.640 Getting Phone Calls and Emails from People Saying, 264 00:27:40.640 --> 00:27:44.540 Oh, you have an extremely rare book, I'd like to borrow it. 265 00:27:44.540 --> 00:27:48.600 Sorry, you know, it didn't work that way. 266 00:27:54.220 --> 00:27:55.740 Just to show you that Mises's work is not only 267 00:27:55.740 --> 00:27:57.960 about monetary policy methodology, 268 00:27:59.100 --> 00:28:04.100 we've got a little thing here we listed just as fun. 269 00:28:04.100 --> 00:28:05.980 and I know everyone's idea of fun 270 00:28:05.980 --> 00:28:10.600 is playing Austrian economics crossword puzzles. 271 00:28:11.600 --> 00:28:12.440 So there you go. 272 00:28:16.740 --> 00:28:19.880 We have film reviews by our own Steven Carson 273 00:28:19.880 --> 00:28:22.860 who's here with us, who's done wonderful film reviews. 274 00:28:23.980 --> 00:28:27.460 And how many films have you reviewed now? 275 00:28:27.460 --> 00:28:28.960 You're telling me 30 or something like that? 276 00:28:28.960 --> 00:28:30.380 Yeah, just wonderful. 277 00:28:31.980 --> 00:28:33.640 And some very silly stuff, 278 00:28:33.640 --> 00:28:35.400 which I'll play for you here at the end. 279 00:28:36.400 --> 00:28:37.340 I've left so much out, 280 00:28:37.340 --> 00:28:40.080 but if you use Mises's work and find it valuable, 281 00:28:40.080 --> 00:28:42.640 you might consider supporting this work in particular. 282 00:28:42.640 --> 00:28:45.680 It was so crucial to the advancement of liberty itself. 283 00:28:45.680 --> 00:28:47.440 And just as a power failure reminds us 284 00:28:47.440 --> 00:28:48.920 how much we depend on electricity, 285 00:28:48.920 --> 00:28:51.900 we need to be aware how central this medium has become 286 00:28:51.900 --> 00:28:54.960 for the delivery of ideas in our time. 287 00:28:54.960 --> 00:28:57.180 My son asked me the other day whether life is boring 288 00:28:57.180 --> 00:28:59.520 before the advent of lego.com. 289 00:29:00.400 --> 00:29:02.720 I told him that it wasn't really that boring, 290 00:29:02.720 --> 00:29:05.920 but life is surely more exciting now with lego.com. 291 00:29:05.920 --> 00:29:10.920 We might similarly ask whether Liberty stood a chance 292 00:29:10.920 --> 00:29:13.120 before the advent of Mises Org. 293 00:29:13.120 --> 00:29:14.280 It did stand a chance, 294 00:29:14.280 --> 00:29:16.320 but our own chances are much greater now, 295 00:29:17.440 --> 00:29:19.640 now much more than ever before. 296 00:29:19.640 --> 00:29:23.460 And let me just conclude by playing a song 297 00:29:23.460 --> 00:29:26.080 that my wife is very unhappy with me 298 00:29:26.080 --> 00:29:27.720 for having taught to my children. 299 00:29:28.880 --> 00:29:31.320 It's the Money Python money song. 300 00:29:31.320 --> 00:29:45.320 I've got £90,000 in my pyjamas, I've got £40,000 French francs in my fridge, I've got lots of lovely lira, now the Deutsche Bank's getting dearer, and my dollar bills would buy the Brooklyn Bridge. 301 00:29:45.320 --> 00:29:57.320 There is nothing quite as wonderful as money, there is nothing quite as beautiful as cash. Some people say it's holly, but I'd rather have the lolly, with money you can make a splash. 302 00:29:57.320 --> 00:30:04.320 There is nothing quite as wonderful as money There is nothing like a newly minted pound 303 00:30:04.320 --> 00:30:09.320 Everyone must anchor for the goodness of a banker It's accountancy that waits the world around 304 00:30:09.320 --> 00:30:16.320 You can keep your Marxist ways, but it's only just a phase For it's money, money, money makes the world go round 305 00:30:16.320 --> 00:30:22.320 Money, money, money, money, money, money, money, money 306 00:30:22.320 --> 00:30:24.320 I don't understand a word she said. 307 00:30:24.320 --> 00:30:27.320 You can keep your Marxist ways, it's only just a phase.