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Daily Articles from The Mises Institute on Austrian Economics and Libertarianism
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The History of Capitalism

Fri, 07/30/2010 - 07:34

The truth is that capitalism has poured a horn of plenty upon the masses of wage earners, who frequently did all they could to sabotage the adoption of those innovations that render their life more agreeable.

Know the New Deal Cold

Fri, 07/30/2010 - 06:17

It's essential for those who believe in a free economy and a free society to know the history of the Great Depression and the New Deal, to know it cold, and to know it better than anyone.

Not Exactly Sweet Reason

Fri, 07/30/2010 - 06:16

One of the United States' most blatant examples of protectionism — so blatant that it is used as an illustration of the idea in some economics textbooks — is its sugar policy.

Samuel Edward Konkin III

Thu, 07/29/2010 - 07:34

Sam Konkin opened his publications to every libertarian point of view. At the top of his masthead, in every issue, he proudly printed the statement, "Everyone appearing in this publication disagrees!"

Down with Collectivism: Merchants and Nobles in 17th-Century France

Thu, 07/29/2010 - 07:34

When Jean-Baptiste Colbert died on September 6, 1683, there was celebration throughout France. In fact, only the soldiery prevented the populace from joyfully dragging Colbert's body through the streets.

Krugman contra Hayek

Thu, 07/29/2010 - 06:16

The concept of the liquidity trap is the keystone of Krugman's thesis, according to which the rules of the game change when there is a lack of private investment.

The Death Throes of Pro-IP Libertarianism

Wed, 07/28/2010 - 08:51

The libertarian IP awakening seems to have caught the old-guard libertarian defenders of intellectual property slumbering, clinging to the fossilized remnants of their arguments.

Copyright and Patent in Benjamin Tucker's Periodical

Wed, 07/28/2010 - 08:48

In Liberty, opponents of intellectual property claimed that copyright and patent contradicted, not only the purpose for which the idea of property evolved, but also the essential characteristics of property.

Defending the Blackmailer

Wed, 07/28/2010 - 07:32

What exactly is blackmail? Blackmail is the offer of trade. It is the offer to trade something, usually silence, for some other good, usually money.

Trotsky: The Ignorance and the Evil

Tue, 07/27/2010 - 10:00

Lenin and Trotsky had no connection at all to the process of production and little interest in the real workings of an economic system. Their concerns had been the strategy and tactics of revolution and the perpetual, monkish exegesis of the holy books of Marxism.

The Unlimited Power of Suppressing the Interest Rate

Tue, 07/27/2010 - 07:32

The uncomfortable truth is this: central banks, as monopoly producers of base money, have the capacity to enforce any yield level they wish to see in credit markets.

Should the Fed Pump Even More?

Tue, 07/27/2010 - 06:16

Loose fiscal and monetary policies are not going to rescue the economy; they will only rescue activities that the economy cannot afford and that consumers do not want.

Turning Bread into Stones

Mon, 07/26/2010 - 11:25

As Kevin Dowd and Martin Hutchinson chronicle in their wonderful new book, there's been plenty of government regulation lately, and as regulations grow, financial booms and panics grow in step.

Our Totalitarian Regulatory Bureaucracy

Mon, 07/26/2010 - 10:04

It would be very difficult to argue against the proposition that the US economy today is even more heavily regulated by the state than Germany was at the time Hayek wrote The Road to Serfdom.

Down with the Rich, Again?

Mon, 07/26/2010 - 07:34

Minnesota Government Mistreats Ladies

Mon, 07/26/2010 - 07:32

Minnesota's recent crackdown on ladies' night shows that the state's politicians and economists cannot trace out the unseen effects of their own policies.

Learn Principles of Economics Online

Fri, 07/23/2010 - 07:32

Whether it is in one of my classes or those offered by other instructors, I strongly encourage you to participate in the Mises Academy. We provide top-flight instruction at a fraction of the cost of a typical online university class.

Exit through the Gift Shop

Fri, 07/23/2010 - 07:32

Those who create something of value to others will eventually find their work popularized and commercialized, escaping the creator as it takes on a life of its own.

Wages and Subsistence

Fri, 07/23/2010 - 06:16

The horror of starvation no longer terrifies men living in a capitalist society. He who is able to work earns much more than is needed for bare sustenance.

Peasants, Rise Up! The Croquants of the 17th Century

Thu, 07/22/2010 - 08:48

The rebels' overriding grievance was against the tax farmers and tax officials: "It is they who have forced [the peasants] to take up arms, changing their ploughshares for swords, in order to ask Your Majesty for justice or else to die like men."