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Is College Expensive?

Monday, May 12th, 2014 by posted in Capitalism, Economics, Education.
college students teaser

I gave my last lecture of the semester on Monday, which means it´s that time of the year again. Graduates throughout the country will soon be walking the stage, in a proud display of their four (or more) years of

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Indian Stock Market at its Highest

Sunday, May 11th, 2014 by posted in Banking, Capitalism, Economics.
indiastockmarket

The world is watching the ongoing election for India’s federal government, the biggest voting exercise ever, with 814 million people eligible to vote. Narendra Modi is seen as the next Prime Minister (PM). In anticipation of a major expected positive

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Better Red Than Dead: 4 Ways to Price the Dow Jones

Saturday, May 10th, 2014 by posted in Banking, Capitalism, Economics.
stock_market

Check out the latest episode of Better Red than Dead, where Mises Canada Executive Director Redmond Weissenberger speaks to Dave Howden on how to price the stock market. The discussion is related to Howden’s recent Mises Canada Daily piece “Four

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The Launch of Liberty.me – The Great Migration

Saturday, May 10th, 2014 by posted in Capitalism, Lifestyle.
liberty.me

I was in a hotel in a strange city but needed to get to a drug store. Out came the smartphone from my pocket, and I knew in an instant that a CVS was a 10-minute walk away.Saved by the

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Patents and Birdmen

Friday, May 9th, 2014 by posted in Capitalism, Economics, Intellectual Property, Law.

In his new book “Birdmen: The Wright Brothers, Glenn Curtis, and the Battle to Control the Skies”, Lawrence Goldstone tells the story of the feud between America´s two early air pioneers.  The interesting part of the book is not the

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Foreword to The Failure of the “New Economics”

Friday, May 9th, 2014 by posted in Capitalism, Economics, History.
keynes (1) teaser

[This foreword to Henry Hazlitt’s Failure of the New Economics was first published inNational Review, August 15, 1959.] Reprinted from Mises.org For most people, economics has ever been the “dismal science,” to be passed over quickly for more amusing sport. And yet,

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The Market Is Rigged

Thursday, May 8th, 2014 by posted in Banking, Capitalism, Economics.
highfrequencytrading teaser

Reprinted from FEE.org When Michael Lewis’s new book Flash Boys came out, the author caused a stir while making the media rounds to promote it. “The market is rigged,” he told 60 Minutes flatly. His comments set off a firestorm of debate as to

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Four Ways to Value the Stock Market

Wednesday, May 7th, 2014 by posted in Banking, Capitalism, Economics.
stock-market teaser

Analysts and investors were ebullient the other week as the Dow Jones Industrial Average – widely considered as the bell-weather stock index of the United States, and the World – reached its highest level of all time. The intraday high

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Google+ Reveals the Fragility of Market Power

Tuesday, May 6th, 2014 by posted in Capitalism, Economics.
gplus

It looks like the last nail is all but hammered into the coffin of Google+, the most dismal failure of a social media platform in recent memory. No one, apart from Google itself, will mourn the passage of this cumbersome,

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The Importance of Austrian Capital Theory: Interest Is NOT the MPK

Monday, May 5th, 2014 by posted in Banking, Capitalism, Economics.
bohm-bawerk-eugen

Over at EconLib, I have an article laying out the importance of capital in economic theory. Austrian readers will see reference to giants such as Böhm-Bawerk, Frank Fetter, and Mises. This underscores the importance of studying the Austrian School as

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Markets Are About Much More Than Material Goods

Monday, May 5th, 2014 by posted in Capitalism, Economics.
thethinker teaser

Reprinted from Mises.org Murray Rothbard once noted that “One of the most common charges leveled against the free market is that it reflects and encourages unbridled ‘selfish materialism’ … it distracts man from higher ideals. It leads man away from

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Happily Never After

Thursday, May 1st, 2014 by posted in Capitalism, Economics, History.
soviet-space-program-propaganda-poster-14 teaser

Reprinted from FEE.org Francis Spufford. Red Plenty. Graywolf Press, 2012. 448 pages. This column was originally part of a paper presented at the recent APEE meeting in Las Vegas. Francis Spufford’s Red Plenty has been ably reviewed in these pages before. But it’s a book I can’t stop

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Capitalism with Dr. George Reisman

Wednesday, April 30th, 2014 by posted in Capitalism, Economics.
reismansmall

Reprinted from Online Trading Academy John O’Donnell’s guest today is Dr. George Reisman. He is a Pepperdine University Professor Emeritus of Economics and author of Capitalism: A Treatise of Economics. He was a personal student of Ludwig von Mises under

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Canadians Choose Work, While the U.S. Remains Idle

Wednesday, April 30th, 2014 by posted in Capitalism, Economics.
skilled-workers

The U.S. labor force participation rate is currently at its lowest level in forty years, as frustrated workers stop looking for jobs, opting instead to live on the public dole, or else simply engage in more leisure time. The Obama

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Thomas Piketty on Inequality and Capital

Tuesday, April 29th, 2014 by and posted in Capitalism, Economics, History.
piketty teaser

Reprinted from Mises.org Thomas Piketty’s Sensational New Book   By Hunter Lewis Thomas Piketty, a 42-year-old economist from French academe has written a hot new book: Capital in the Twenty-First Century. The U.S. edition has been published by Harvard University

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Licensure and Labor Unions: Two Sides of the Same Coin

Monday, April 28th, 2014 by posted in Capitalism, Economics.
twosidescoin

As states increasingly move towards limiting labor union power through Right to Work laws, governments are finding other ways to restrict supply and inflate prices, by increasing occupational licensure requirements. Now, one might wonder why governments are motivated to do

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Achieving the betterment of labor without government coercion

Monday, April 28th, 2014 by posted in Capitalism, Economics, Politics, Regulation.

In Florida Tomato Fields, a Penny Buys Progress Florida tomato field workers toil under harsh conditions for low pay.  It seemed that the tomato growers could dictate whatever labor terms they chose, yet such was not the case.  It took

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Steve Landsburg on High Frequency Trading: The Good, the Bad, and the Ugly

Friday, April 25th, 2014 by posted in Banking, Capitalism, Economics.
SteveLandsburg-238x270

University of Rochester economist Steve Landsburg is an extremely sharp thinker who is always worth reading–even when he’s wrong, as I think he (mostly) is when it comes to so-called “high frequency trading” (HFT). But before I jump into my

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My letter to the Wall Street Journal re: The US should adopt unilateral free trade

Friday, April 25th, 2014 by posted in Capitalism, Economics, Regulation.

Re: US, Japan Fail to Clinch Trade Deal Dear Sirs: One of the great economic fallacies of our time is that free trade is beneficial to a country only if its trading partner also adopts free trade.  Thus we witness the

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Entrepreneurship: The Driving Force of the Economy

Friday, April 25th, 2014 by posted in Capitalism, Economics.
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Author of The Capitalist and the Entrepreneur, Peter Klein has published numerous books and articles on entrepreneurship from an Austrian perspective. Dr. Klein, who is executive director and Carl Menger Research fellow at the Mises Institute, was interviewed in late

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