The Vega Institute of Political Economy is a 501(c)(3) tax-exempt educational “think tank”. The work it supports is made possible by contributions from like-minded people who understand the importance of these topics, and the lack of other available resources in these matters.
The postwar work of Ludwig von Mises, Friedrich Hayek and Murray Rothbard was made possible by the support of private patrons. Without it, their work would not have existed. In our time too, privately-funded organizations (such as existing “think tanks”) support a wide variety of research into topics relevant to public policy. The Classical tradition in economics has actually advanced quite a bit over the past forty years. This has taken place primarily within the “Supply Side” school that emerged in the 1970s, which built upon the work of the “Austrians” that was largely complete by 1970. While the key Austrian figures were mostly intellectuals and writers, the Supply-Side movement has had close ties to the professional investment industry. As a consequence, their thought has been enriched by real-world experience, but much of it has been poorly documented, and it has not propagated to a wider audience except perhaps in the form of the brief op-ed. The Vega Institute aims to express the cutting edge of the Classical tradition today. A perusal of the books and archives available at newworldeconomics.com will surely indicate that things have progressed considerably since the mid-twentieth century; and also, that the materials and topics made available here are not being addressed by others.
This is an important time. Many elements of what might be called the Post-WWII Order look as if they could crumble — not only in the United States, but among all the developed nations. This could include such things as: sovereign debt default; failures of various entitlement programs including public pensions and healthcare programs; overcomplicated taxation systems based on outdated concepts; regulatory asphixiation; the military; the system of floating fiat currencies and central bank manipulation that came into bloom in the 1970s; financial overcomplication and parasitism; and many other issues easily identified. With this failure would come the opportunity to remake our institutions. The principles and ideals from which this new order might be constructed must be established and shared now, even if they seem politically remote at this time.
“You can lead a horse to water, but you can’t make it drink,” it is said. There is truth to this; and it is also true that, if you have no water available to drink, nothing at all will be accomplished.
If you would like to help this project to achieve its goals, please contact: firstname.lastname@example.org.
Vega Institute of Political Economy
PO Box 98
New Berlin, NY 13411