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Advancing Austrian Economics, Liberty, and Peace

Advancing the scholarship of liberty in the tradition of the Austrian School

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The Ethics of Entrepreneurship and Profit

In a free market, entrepreneurs profit by providing something of value that people will voluntarily purchase. In a state-controlled market, however, profit through government draws many away from the voluntary exchange of the marketplace to the violence of government-enforced redistribution.


Dr. David Howden: Let Banks Fail! (Central and Otherwise)

Jeff Deist and David Howden discuss the history of banking in America before 1913, and why American economists all seem to be in thrall to the Fed.


Mises Economics Blog

Peter G. Klein: Peter Thiel on Monopoly and Competition
Entrepreneur and venture capitalist Peter Thiel has an interesting Wall Street Journal piece on innovation, firm growth, and market structure, misleadingly titled Competition Is for Losers. Thiel's essay is ostensibly about the defense of monopol ... More »

Per Bylund: Sweden Politically Deadlocked
Updated: The poll stations in the Swedish general election closed a mere two three hours ago. With about 60% 90% of voting districts already counted, it looks like the voter turnout has increased - and that voters have caused quite a mess in the ... More »

Hunter Lewis: Noah Smith: Keynes Misunderstood, Maligned by Austrian Critics
In a September 11 Bloomberg article, economist Noah Smith claims that Keynes wasn’t a “ ‘socialist’ “or even a “'progressive’. He did not favor “a command economy.” Yes he “ was in favor of some amount of wealth redistribution and government i ... More »

Mark Thornton: Newsflash: Central Banks Elevate Asset Prices
The Bank of International Settlements has issued a warning that central bank monetary policy has elevated asset prices and reduced market volatility to abnormally low levels. In its quarterly review, the BIS said financial market volatility s ... 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 »

America's Great Depression

This book applies Austrian business cycle theory to understanding the onset of the 1929 Great Depression. Rothbard first summarizes the Austrian theory and offers a criticism of competing theories, in... More »

Lessons for the Young Economist Teacher's Manual

This is the teacher's manual to accompany the student textbook, Lessons for the Young Economist. The manual follows the student text very closely (the student text is needed separately, either ... 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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"Human Action: Austrian Economics & Philosophy"
It is perhaps the most important and profound book ever written. Yet how ma... (more) Register Now

"The Rothbardian Analysis of the State "
Murray Rothbard was a brilliant Austrian School economist and the most famo... (more) Register Now

"Austrian Microeconomics"
The heart of Austrian economics is its theory of value, exchange, productio... (more) Register Now

"Human Action: Austrian Sociology"
This course covers Part II of Human Action. It is not required to have take... (more) Register Now

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