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Daily Articles from The Mises Institute on Austrian Economics and Libertarianism
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A Problem with Aristotle's Ethical Essentialism

Tue, 08/10/2010 - 07:28

In Aristotle's view, a great many people who operate productively and creatively in the natural world, focused on doing well in the practical professions, are consigned to an inferior status.

Down with Legal Tender

Mon, 08/09/2010 - 07:32

It is no exaggeration to say that history is largely a history of inflation, and usually of inflations engineered by governments and for the gain of governments.

The Form of Saving Matters

Mon, 08/09/2010 - 07:32

By focusing on broader aggregates such as "supply and demand for money," the free bankers are overlooking important issues — such as who gets the extra funding from fractional-reserve banking.

Cutting Is So Hard to Do

Mon, 08/09/2010 - 06:16

Why is it that cutting government spending is so hard to do? An analysis of systemic political incentives — as well as another look at the calculation problem — can give us the answer.

The New Push for a Global Currency

Fri, 08/06/2010 - 10:08

Under a gold standard, the physical metal is the limit, and the market is the master. Under a global paper system, the paper provides no limit whatsoever. And the politicians are the masters.

The Austrian History of US Money and Banking

Fri, 08/06/2010 - 10:08

Economic history is often portrayed as a battle between a government filled with wisdom and benevolence, and a free market guided by "animal spirits." Rothbard provides the corrective.

The Popular Interpretation of the "Industrial Revolution"

Fri, 08/06/2010 - 06:17

Indeed, deplorable conditions existed, but one must not blame the factory owners, who did all they could to eradicate them. These evils were caused by the economic order of the precapitalistic era — the "good old days."

Was Classical Liberalism a "Strife of Interests Masquerading as a Contest of Principles"?

Thu, 08/05/2010 - 10:08

Harry Elmer Barnes argues that the theory we call "libertarianism" was developed merely to justify an economic and political program serving the interests of the 17th-century middle class.

Belesbat, Boisguilbert, and the Natural Order of the Free Market

Thu, 08/05/2010 - 07:34

Free trade and free markets, through the harmony of reciprocal benefits, advance the interest and happiness of all by each seeking his own personal utility and self-interest.

The Making Up of a President

Thu, 08/05/2010 - 06:16

Ranking presidents is something of a cottage industry among the intellectual elite, but who should care about the ratings they give presidents?

Give Capitalism a Chance

Wed, 08/04/2010 - 07:34

It is a common assumption in today's world that capitalism is, at best, out of control and, at worst, outright evil. Everyone knows that it causes most of our financial, economic, and social problems. Of course, everyone is wrong.

The Antiregulation Case

Wed, 08/04/2010 - 07:32

Many people looking at the effects of the spill see the pelicans soaked in oil and the fishermen out of work, but they cannot possibly see all of the benefits of the use of oil accruing to everyone in the entire economy.

The Class Struggle

Wed, 08/04/2010 - 06:16

This socialist or communist doctrine of "class struggle" fails entirely to take into account the essential difference between the conditions of a status or caste society and those of a capitalistic society.

ACTA: The War on Progress, Freedom, and Human Civilization

Tue, 08/03/2010 - 07:34

The Anti-Counterfeiting Trade Agreement (ACTA) contravenes every principle of civilized society, both in its content and in the nature of the proceedings leading to its creation.

Can the Fed Successfully Exit?

Tue, 08/03/2010 - 07:32

With banks entering insolvency every week, the Fed is in no position to start unwinding any of its balance-sheet policies. Until the Fed deems the sector stable, entrepreneurs will be forced to guess as to what price inflation lies ahead.

Jefferson's Disastrous Embargo

Tue, 08/03/2010 - 06:15

Jefferson made the biggest mistake of his presidency when he decided for an embargo. His commercial coercion failed utterly to achieve its object of forcing Great Britain and France to respect neutral rights.

A Different Look at Classical Liberalism

Mon, 08/02/2010 - 07:34

Forty years ago, Ralph Raico completed his dissertation under F.A. Hayek's direction. The issue Raico addresses — the revelation of a different form of early liberalism — has major implications in our own time as well.

Nonsense on the Deficit Question

Mon, 08/02/2010 - 07:32

Taxpayers are ultimately on the hook for the federal debt, regardless of financial finagling. And yet Galbraith acts as if adding trillions of dollars to the federal debt carries no strings at all.

The Mises We Never Knew

Mon, 08/02/2010 - 06:15

This is the sort of autobiography we would expect from a private person of great courtesy and Old World reserve: it is an intellectual autobiography, explaining his ideological struggles.

The History of Capitalism

Fri, 07/30/2010 - 08:51

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.