Last year, the car-sharing service Uber had the privilege of being a prime target of the capitalist-loathing left. Not only did the company challenge traditional barriers to entry established by government-friendly cartels, but it earned the distrust of the mainstream
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
Reprinted from The Freeman The most surprising monetary innovation of our time is bitcoin, a privately produced digital currency and payment system. It is a global system that provides a dramatic alternative to central banking and monetary nationalism as we
Reprinted from LewRockwell.com At the heart of the Christmas story rests some important lessons concerning free enterprise, government, and the role of wealth in society. Let’s begin with one of the most famous phrases: “There’s no room at the inn.”
This article is excerpted from The Clash of Group Interests, “The Clash of Group Interests,” part 4 (1945; 2011). Reprinted from Mises.org The most remarkable fact in the history of our age is the revolt against rationalism, economics, and utilitarian
Reprinted from the Freeman In a recent speech in Little Rock, former president Bill Clinton said, “In the first eight years of trickle-down economics under President Reagan, we tripled the debt.” The former president claims his “first job” in the
Attending the “Managing the Economy: Main Street, Wall Street and the Federal Reserve” on 9th December 2014, I was able to hear Dr Paul Krugman speak on issues of monetary policy and fiscal policy. Fiscal policy was deemed irrelevant early
[American Affairs, 1946.] Reprinted from Mises.org Here is Henry Hazlitt exercising his gift for lucidity to produce a book entitled Economics in One Lesson. If there were such a book this would be it. It deals with those “economic fallacies
Late in his life, Murray Rothbard had a law that stated: “people tend to specialize in what they are worst at.” While the aphorism is definitely true about some specialists, more often than not the reverse is accurate. Artists have
Reprinted from Liberty.me Over the last nine weeks, it’s been my privilege to conduct a series of weekly seminars on the main works of Ludwig von Mises (1881-1973). I thought I knew his works very well, having put them all
[This introduction to two essays by Murray N. Rothbard — “The Mantle of Science” and “Praxeology as the Method of the Social Sciences ” — was published in a 1979 edition published by the Cato Institute.] All in all, I
Reprinted from the Freeman Gordon Tullock stood transfixed by an anthill outside the Center for Public Choice in Virginia. When another scholar asked him what he was doing, Tullock replied brusquely: “Research.” It must have indeed been research, because Tullock
A Demonstration of the Objective Superiority of Western Civilization and Slap in the Face of Cultural Relativism and Political Correctness CONTENTS Introduction The Nature of Western Civilization The Universalizability of Western Civilization The Standard for Judging a Civilization: the Objective
[Excerpted from Defending the Undefendable] The miser has never recovered from Charles Dickens’s attack on him in A Christmas Carol. Although the miser had been sternly criticized before Dickens, the depiction of Ebenezer Scrooge has become definitive and has passed
[Originally published in German in 1968. Reprinted from Mises.org] For every species of animals and plants the means of subsistence are limited. Hence every living being’s vital interests are implacably opposed to those of all members of its own species.
Reprinted from The Freeman Swedish socialist Gunnar Myrdal was not happy about sharing his Nobel Prize with that Austrian “reactionary,” F.A. Hayek. The so-called Nobel for economics, established by the central bank of the world’s leading welfare state, was only five years
An excerpt from Principles of Economics [online text], Chapter VIII, 1871. Reprinted from Mises.org IN THE EARLY STAGES of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing
[Excerpted from Ludwig von Mises on Money and Inflation: A Synthesis of Several Lectures, compiled by Bettina Bien Greaves. This lecture was given at the Foundation for Economic Education (FEE).] Reprinted from Mises.org Everything that is done by a government
Reprinted from Casey Research Janet Yellen must feel like she’s herding cats. The Federal Reserve is keeping interest rates at zero, thinking the common man and woman will spend money or buy stocks. Dr. Yellen wants us all to get
Editor note: Today commemorates the 133rd birthday of Ludwig von Mises. September 29, 2014 is the one-hundred-and-thirty-third anniversary of the birth of Ludwig von Mises, economist and social philosopher, who passed away in 1973. Mises was my teacher and mentor
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