mises

Stones into Bread: The Keynesian Miracle

Tuesday, May 19th, 2015 by posted in Capitalism, Economics.
keynes (1) teaser

[Originally printed in Plain Talk, March 1948, and reprinted in Planning for Freedom]. Reprinted from Mises.org The stock-in-trade of all Socialist authors is the idea that there is potential plenty and that the substitution of socialism for capitalism would make it possible

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The Objectives of Currency Devaluation

Thursday, April 2nd, 2015 by posted in Banking, Capitalism, Economics.
currency teaser

This article is excerpted from Human Action (1949), chapter 31, “Currency and Credit Manipulation.” In the boom period that ended in 1929, labor unions had succeeded in almost all countries in enforcing wage rates higher than those which the market,

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Praxeology in Many Disciplines

Tuesday, March 3rd, 2015 by posted in Economics, Education, Philosophy.
canada_lacrosse

A great strength of the Austrian School of Economics is the breadth of academic scholarship that it can enrich.  The philosophic underpinnings of the Austrian economists, and specifically of Ludwig von Mises, universalize the principles of economic activity to all

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Consumers’ Sovereignty and Natural vs. Contrived Scarcities

Tuesday, March 3rd, 2015 by posted in Capitalism, Economics.
WheatField at Sunset_teaser

Reprinted from The Daily Bell One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth. In the

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John Bugas: G-Man, Ford Executive, Misesian?

Wednesday, February 11th, 2015 by posted in Capitalism, Economics.
JSBugas

John Bugas and Consumer Sovereignty The economist Ludwig von Mises made the notion of “consumer sovereignty” a key plank in his economic analysis and defense of the market economy. John Bugas, a colorful character who rounded up “public enemies” for

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The Rise of Capitalism

Wednesday, January 21st, 2015 by posted in Capitalism, Economics, History.
Reeve_and_Serfs

This article is excerpted from Liberty & Property, part 2 (2009). Reprinted from Mises.org The precapitalistic system of product was restrictive. Its historical basis was military conquest. The victorious kings had given the land to their paladins. These aristocrats were

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Economics and the Citizen

Thursday, January 8th, 2015 by posted in Economics, Education.
Farmers-Market-2_teaser

This article is excerpted from Human Action, chapter 38, “The Place of Economics in Learning.” Reprinted from Mises.org Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy

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Is Secession a Right?

Friday, December 12th, 2014 by posted in Philosophy, Politics, Regulation.
1861-Slave-State-Map-from-Harpers_teaser

Reprinted from Mises.org Grant defeated Lee, the Confederacy crumbled, and the idea of secession disappeared forever, or at least that’s what the conventional wisdom says. Secession is no historical irrelevance. Quite the contrary, the topic is integral to classical liberalism.

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David Howden: Banking, Free And 100 Percent Reserve

Friday, November 28th, 2014 by posted in Banking, Economics.
David Howden: Banking, Free And 100 Percent Reserve

Dave Howden Lecturing at Rothbard University 2014

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Freedom of the Press

Thursday, November 27th, 2014 by posted in Civil Liberties, Education, Regulation.
pressfreedom_teaser

Reprinted from The Anti-Capitalistic Mentality (1954) Freedom of the press is one of the fundamental features of a nation of free citizens. It is one of the essential points in the political program of old classical liberalism. No one has

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The Philosophy of the Pseudoprogressives

Tuesday, November 11th, 2014 by posted in Economics, Epistemology, History, Philosophy.
Paris_skyline_2014_teaser

[This article originally appeared in Plain Talk, February 1950. It is included in Planning for Freedom.] 1. The Two Lines of Marxian Thought and Policies In all countries which have not openly adopted a policy of outright and all-around socialization

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Paul Cantor: Model Mentor

Monday, September 22nd, 2014 by posted in Economics, Education.
paul_cantor

I once called Paul Cantor “the incomparable Cantor.” Another apt, alliterative sobriquet would have been “model mentor.” When others weren’t, Paul was there for me. He helped me. He taught me. He guided me. He’s the type of scholar I’d like

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What Gave Bitcoin Its Value?

Tuesday, September 9th, 2014 by posted in Banking, Capitalism, Economics.
bitcoin_teaser

Reprinted from the Freeman Many people who have never used bitcoin look at it with confusion. Why does this magic Internet money have any value at all? It’s just some computer thing that someone made up. Consider the criticism of

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Does the World Need a World Bank?

Tuesday, September 2nd, 2014 by posted in Banking, Capitalism, Economics.
worldbank-tea

[Ludwig von Mises on Money and Inflation (2010)] As a medium of exchange, the situation of money is different from that of other commodities. If there is an increase in the quantity of other commodities, this always means an improvement of

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You Can’t Run an Economy with Spreadsheets

Monday, September 1st, 2014 by posted in Capitalism, Economics, Regulation.
spreadsheet-tea

Reprinted from Mises.org Argentina’s economic minister, Axel Kicillof, has become famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets such as Microsoft Excel. This assertion comes from the mistaken view that

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Check out Mises Cuba

Monday, August 25th, 2014 by posted in Economics, Education.
mises_cuba

Mises Institutes are popping up all over the world! A recent article at Forbes highlighted this worldwide movement. Check out one of the newest: Mises Cuba!

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Ludwig von Mises: Inspiring Think Tanks Across The Globe

Wednesday, August 20th, 2014 by posted in Uncategorized.
mises canada

There is a great article that is worth checking out over at Forbes by Alejandro Chafuen on the numerous Mises instutes that have popped up around the world since the founding of The Mises Institute USA in 1982. The free enterprise

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The Empirical Nature of the Praxeological Method

Tuesday, August 19th, 2014 by posted in Uncategorized.
prax

The praxeological method has long been a category of Austrian economics that brings great interest to me. Originally, it was the “shiny” aspects of the school that drew me to Austrianism. Business cycle theory is just one such example. However,

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The State’s Worst Atrocity

Wednesday, August 13th, 2014 by posted in Capitalism, Foreign Policy, History.
british-trench teaser

Reprinted from LewRockwell.com “The lamps are going out all over Europe,” Sir Edward Grey famously said on the eve of World War I. “We shall not see them lit again in our lifetime.” It was 100 years ago this week

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Life Insurance: Seceding from the System?

Thursday, July 31st, 2014 by posted in Banking, Economics.
life-insurance teaser

Reprinted from FEE.org Most Americans implicitly assume that the financial system has always worked the way it does now. Although they may have a vague knowledge that the U.S. dollar used to be tied to gold, they can’t really imagine

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