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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: Mises Weekends: Jeff Deist Talks Scottish Secession and the EU with Andy Duncan
Jeff Deist and Andy Duncan discuss the rise of UKIP in England, and whether it represents a real populist anti-state uprising or just rightist politics. Andy skewers the strutting political class in London, and the charade of voting Labour or Conserv ... More »

Ryan McMaken: Must Free-Marketers Reject Global Warming?
You can't make this stuff up. Someone at the UK Guardian named David Grimes has declared that economic liberalism, by which he means the ideology of laissez-faire, clashes with scientific evidence. Which scientific evidence, you might ask? W ... More »

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 »

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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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