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Daily Articles from The Mises Institute on Austrian Economics and Libertarianism
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Rothbard's Memos Marked "Strictly Confidential"

Fri, 08/27/2010 - 07:36

Rothbard's vast published output does not exhaust his thinking and writing. To the contrary, a large number of important items have never been published. Many of these are reports he wrote for the William Volker Fund.

The Problems of External Costs and External Economies

Fri, 08/27/2010 - 06:18

Carried through consistently, the right of property would entitle the proprietor to all the advantages that the good's employment may generate — and all the disadvantages resulting from its employment.

Revisit Bradbury's Fahrenheit 451

Thu, 08/26/2010 - 07:36

Fahrenheit 451 is one of the most influential libertarian novels of the past century. But millions of its readers have not looked at Bradbury's remarkable little novel since they were in their teens. It's worth another look.

English Absolutism and the Great Chain of Being

Thu, 08/26/2010 - 07:34

English justifications of absolutism stressed time and again that the subjects must obey the king in any and all circumstances, whether or not the king or his actions were good or evil.

The Law of Final Utility

Thu, 08/26/2010 - 06:17

The idea of final utility is to the expert the "open sesame" by which he unlocks the most complicated phenomena of economic life and solves the hardest problems of the science.

Goods, Scarce and Nonscarce

Wed, 08/25/2010 - 08:51

Nonscarce goods are a great gift courtesy of the structure of the world, a boon to humankind, a vast treasure of resources — tools for making the world a relentlessly better place.

Caesar III and the Ubiquitous Failure of Central Planning

Wed, 08/25/2010 - 07:34

Ever played Caesar III? As the ultimate central planner, I can say that I tried my best to bring forth the paradise envisioned by Marx. Even so, my attempts were met with failure after abject failure.

Ideas and Interests

Wed, 08/25/2010 - 06:17

There is no such thing as interests independent of ideas, preceding them temporally and logically. What a man considers his interest is the result of his ideas.

California Leads Nation with Sound Money — in 1865

Tue, 08/24/2010 - 08:51

In 1865, California law allowed contracts to specify that payment be made in gold. But California's treasury secretary admonished the citizens to be "cured of the mania for an exclusive metallic currency."

Secrets of the Most Successful Touring Band of All Time

Tue, 08/24/2010 - 07:36

While other bands posted signs at their concerts saying, "Recording and photography of tonight's performance is strictly prohibited," the Grateful Dead encouraged fans to record their concerts and shoot pictures of the show.

Beyond Is and Ought

Tue, 08/24/2010 - 06:17

Hoppe has lifted the American libertarian movement out of decades of sterile debate and deadlock, and provided us a route for future development of the libertarian discipline.

Impassioned, Funny, Learned, Brilliant, Unfoolable, Relentless

Mon, 08/23/2010 - 07:36

These documents are a joyful alternative career of Rothbard's writings and research, and as such inherently one of the most valuable (and most fun) intellectual resources of the past century.

The Rise, Fall, and Renaissance of Classical Liberalism

Mon, 08/23/2010 - 07:34

As the 19th century began, classical liberalism was the specter haunting Europe — and the world. In every advanced country the liberal movement was active.

What Does "Debt-Based" Money Imply for Interest Payments?

Mon, 08/23/2010 - 06:16

My modest point in this article is to correct the widespread misconception that in a system of "debt-based money" further rounds of inflation are mathematically necessary to avoid default on previous loans.

The Rise and Fall of Liberty

Fri, 08/20/2010 - 10:08

Students of this course will see how the rejection of classical liberalism in the 18th and 19th centuries led inevitably to the bloody catastrophes of the early 20th century.

Cobden on Freedom, Peace, and Trade

Fri, 08/20/2010 - 08:51

The pursuit of peace will have to be governed not by slogans and superficiality but by a profound humility that acknowledges the inevitable limitations on what coercion can accomplish.

Market Data: Power, War, and Man

Fri, 08/20/2010 - 06:17

Critics condemn economic theory for disregarding the role that power plays in real life. Real man, they say, is not free to choose and to act: it is not his value judgments but the forces of power that determine market phenomena. These objections are no less spurious than all other statements of the critics of economics.

Roger J. Williams and the Science of Individuality

Thu, 08/19/2010 - 10:08

According to Roger J. Williams, "the basic answer to the question, 'Why are you an individual?' is that your body in every detail, including your entire nervous system and your brain … is highly distinctive."

The Danger Not Over

Thu, 08/19/2010 - 07:34

In this 1801 essay, Edmund Pendleton argues that the danger of tyranny is ever-present, and therefore we cannot "depend on the rectitude of fallible men" to restrain themselves from abusing state power.

Government Subsidies for Bloggers?

Thu, 08/19/2010 - 06:17

Professor Bollinger obviously distrusts our ability to make choices about the news we wish to read; he is eager to supplant our judgment with his. But who is so wise as to know what is good for all of us?