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The Myth of the Unchanging Value of Gold

Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a subjective judgment and is without physical dimensions.


Rethinking Japan’s “Lost Decades”

The “Lost Decades” narrative in Japan and the US has kept the drive for more government intervention going for a long time.


Mises Economics Blog

Ryan McMaken: The Johnson Center at Troy University
The Johnson Center at Troy University has two Mises alums and former Fellows on the faculty: Malavika Nair and G.P. Manish. Have a look at the center's new video: Writes Malavika Nair: We are getting a Masters program next fall with a focu ... More »

Ryan McMaken: The Myth of the Unchanging Value of Gold
Mises Daily Friday by Joseph Salerno: Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a ... More »

Ryan McMaken: Rethinking Japan’s “Lost Decades”
Mises Daily Friday by Peter St. Onge: The “Lost Decades” narrative in Japan and the US has kept the drive for more government intervention going for a long time. ... More »

Ryan McMaken: Hoppe on Entrepreneurs and Thornton on the Drug War in The Free Market
 The August Issue of The Free Market Is Now Online! Hans-Hermann Hoppe is back with a new lecture on the social virtues of the entrepreneur this month: What can be unambiguously stated about a capitalist’s profit or loss is this: his profit ... More »

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In the Mises Store

The Law

How is it that the law enforcer itself does not have to keep the law? How is it that the law permits the state to lawfully engage in actions which, if undertaken by individuals, would land them in j... More »

Lessons for the Young Economist

This is the textbook Lessons for the Young Economist. We are beyond mere excitement about Lessons for the Young Economist. It is easily the best introduction to economics for the young reader&m... More »

Austrian Macroeconomics

When Murray Rothbard laid eyes on this classic monograph, he cheered. Here we have a graphical presentation that explains the Austrian view of macroeconomics in contrast to the simple and even simple-... More »

Newly Updated E-books

"Woodrow Wilson's Defeat in Yugoslavia: The End of a Multicultural Utopia"

Making Economic Sense

Anatomy of the State

The Private Production of Defense

Liberty and Property



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"The Road to Serfdom: Despotism, Then and Now"
The purpose of this course, "The Road to Serfdom: Despotism Then and Now," ... (more) Register Now

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"Why Capitalism?"
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"The Rothbardian Analysis of the State "
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