There are many ways in which the Austrian School is distinct from not just the Keynesian approach but also the Chicago School. One of the most important–especially in our times–is that the Austrians have a much richer theory of the
We can all sleep safe and sound tonight knowing that Health Canada and the RCMP are working to ensure “public safety.” In two weeks, 37,000 licensed marijuana growers will effectively become criminals when the new medical marijuana law takes effect.
Catch one of the latest episodes of “Better Red Than Dead,” hosted by Mises Canada Executive Director Redmond Weissenberger and Predrag Rajsic. Predrag Rajsic specializes in production economics and economics of markets with substantial market exchange restrictions. His research interests
In a previous post, I elaborated on Ludwig von Mises’ comments to argue that human slavery could not persist in an otherwise free market. Mises claimed that free labor was more productive than slave labor, and I used this empirical