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Economic Isolationism in The Walking Dead

When dealing with people in a potentially hostile environment (such as a zombie apocalypse) how do we decide if we should trade with strangers or kill them? It turns out time preference and the division of labor have a lot to do with it.


The Japanese Deflation Myth and the Yen’s Slump

The Japanese government claims it's still fighting deflation, although there are no signs of it in Japan. Abenomics, however, makes the future of the yen anyone's guess.


Mises Economics Blog

David Howden: More European “Growth” Shenanigans
Europe got some good news in early June as the EU changed its statistical guidelines on how to compute GDP. Among other changes, expenditures on prostitution and illicit drugs (hookers and blow, colloquially) will now be included. Of course, some ... More »

Ryan McMaken: The Radicalism of Mises
On Mises's Birthday: We live in a time in which many people claim to be libertarians or at least hint that they are. This includes many obviously unlibertarian people such as Bill Maher, Paul Ryan, and Michelle Bachmann. It's arguably a go ... More »

Peter G. Klein: "Why Managers Still Matter"
Some Austrians and libertarians think that managerial hierarchies, even within fully private companies, are inherently inefficient (or, worse, the indirect result of government intervention). I think this view is mistaken, for a variety of reasons (s ... More »

Peter G. Klein: The Incremental Adoption of Electronic Currencies
Electronic currencies are typically viewed as disruptive innovations that will upset the existing structure of the banking industry (and even the economy and society at large), rather than sustaining innovations that generate incremental changes with ... More »

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In the Mises Store

Choice in Currency

A path-breaking essay by Hayek, newly in print in cooperation with the Institute of Economic Affairs, this piece first appeared in 1976, during an inflationary bout in the U.S.. Hayek saw that it was ... More »

Toward a Libertarian Society

Walter Block has for decades been one of the most effective and indefatigable defenders of libertarianism. One feature in his writing stands out, from his classic Defending the Undefendable to the pre... More »

Economics of Prohibition, The

It is conventional wisdom that alcohol prohibition failed, but the economic reasons for this failure have never been as extensively detailed or analyzed as they are in this study by Mark Thornton. Th... More »

Newly Updated E-books

Planned Chaos

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

Making Economic Sense

Anatomy of the State

The Private Production of Defense



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