Optimal tariff theory

Tariffs Won’t Ever Be “Optimal”

Despite arguments from President Trump and his supporters, there is no such thing as an “optimal” tariff. If anything, Americans have the upper hand in trade because they can run large trade deficits due to the status of the US dollar as the world‘s reserve currency.

Mises Wire Vincent Cook
Civil War

The Tragedy of War

There are no “good wars,” rather, there are wars with varying degrees of destructiveness. The American War Between the States was especially destructive, and the scars have not fully healed 160 years after it ended.
Wanjiru Njoya
Dark tetrad

Jordan Peterson and the Real “Dark Tetrad”

Peterson implies the “dark tetrad” is emerging on the non-interventionist right, cloaking their real intentions with conservative rhetoric. Interestingly, however, a historical parallel exists in neoconservatism, whose intellectual roots are deeply rooted in Machiavellianism.
Liam McCollum
Market economy

Wealth Generation and the Market Economy

A free market economy does not generate jobs or money. Instead, it creates wealth through exchange and production. Government intervention, contrary to what mainstream economists believe, does not enhance wealth, but instead destroys it.
Frank Shostak
Political business cycle

The Political Business Cycle 50 Years Later

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.
Dale Steinreich
The Misesian
Rothbard’s “Anatomy of the State” introduces the state as a unique, coercive institution, distinct from society. The latest Misesian expands on this view, examining historical commentary on the state’s emergence and its central role in modernity.
Virtual

In May 2025, the Mises Institute will hold its next Mises Book Club, a program that promotes deep reading in Austrian economics.

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Auburn, AL

The Rothbard Graduate Seminar provides an intense study of Misesian and Rothbardian economic analysis, along with the substantive conclusions of that research in related fields.

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Auburn, AL

Virtual Mises University is the online counterpart to the Mises University conference and can be attended by anyone.

Economics for Beginners

Our Complex World

Complexity: Liberty vs. Power

Can we find freedom and opportunity in an uncertain future? This series explores the complex systems that shape our world.
The Costs of the Progressives

Progressivism

The battle between American individualism and modern progressive collectivism.
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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