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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

Matt McCaffrey: Lean Startups and Capital Ownership
In the last few years, there has been a big emphasis in entrepreneurship on “lean” startups. Being lean basically means avoiding unnecessary costs early in the development of a new venture, thus minimizing waste and reducing the negative effects of u ... More »

Daniel J. Sanchez: Limited time offer! 3 courses for the price of 1
SPECIAL LIMITED TIME OFFER: Enroll in “Basics of Economics: Government Intervention” (formerly titled “How Government Wrecks the Economy”), which is the third and final course in Robert Murphy’s Basics of Economics series, before the f ... More »

Hunter Lewis: Further to Julian Adorney on the Maximum Wage
It is worth recalling that Congress during the first Clinton administration passed legislation limiting cash compensation for CEO's of public companies to $1 million. The result was that compensation swung to stock options. This in turn encourage ... More »

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 »

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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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