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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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Killing the Maximum-Wage Myth

Some want maximum wages for business executives, who are said to make too much money. It’s unclear how Congress is qualified to set the “correct” wage for business owners and executives, and unlike members of Congress, highly-paid executives are not protected from the risks and demands of the marketplace.


With Government Roads, the Customer Is Always Wrong

The state has no motivation to accommodate users’ needs, but to crack down on anyone who does not conform to its timeworn model of road usage.


Mises Economics Blog

Peter G. Klein: Piketty and Capital
Further to Hunter's remarks: Piketty understands capital as a homogeneous, liquid pool of funds, not a heterogeneous stock of capital assets. This is not merely a terminological issue, as those familiar with the debates on capital theory from the ... More »

Mises Updates: Another medium of exchange?
From Jeff Deist: An important but overlooked story is Walmart's recent announcement that it will offer cheap store-to-store money transfers.  Given the ubiquity of Walmart stores (which are large and strategically located), this deve ... More »

Hunter Lewis: Thomas Piketty's Sensational New Book
This 42 year economist from French academe has written a hot new book: Capital in the Twenty-First Century. The US edition has been published by Harvard University Press and, remarkably, is leading the best seller list, the first time that a Harvard ... More »

Mises Updates: Killing the Maximum-Wage Myth
Julain Adorney writes in today's Mises Daily: CEO turnover has reached its highest peak since 2009, which indicates two things. First, CEOs who do not fully grasp the rapid technological change their companies are living through are be ... More »

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In the Mises Store

Gold Standard: Perspectives in the Austrian School, The

The world’s financial system is in a precarious state, and everywhere the cry is heard for reform. The contributors to this notable anthology argue for one particular sort of reform, a retur... More »

Individualism and Economic Order

If you are looking to acquaint yourself with F.A. Hayek's perspective on economic theory--beyond his business cycle and monetary studies of the interwar years--this is the best source. The collect... 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 »

Newly Updated E-books

Economic Calculation in the Socialist Commonwealth

The Gold Standard: Perspectives in the Austrian School

Anatomy of the State

Deflation and Liberty

Study Guide to Human Action: A Treatise on Economics



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