Free Market

The Free Market is the monthly newsletter of the Mises Institute featuring articles of application of the Austrian and market viewpoint.

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Christopher Westley

Those of us who appreciate liberty, voluntary exchange, and workers’ property rights to their own labor have long objected to the American organized labor movement. Since the 1930s, this movement has been defined by the AFL-CIO.

Robert P. Murphy

If you can’t attend the Mises University, where can you go to study the subject systematically? Over the summer, I worked with the staff at the Mises Institute to find an answer to this problem.

Antony P. Mueller

The idea behind hedonic price index calculation is to incorporate quality changes into prices. This way, a product may be on the market at a higher price, but when the product qualities have augmented more than the price in the eyes of the BLS, it will calculate that the price of this product has actually fallen.

Llewellyn H. Rockwell Jr.

The only thing that seems to unite the myriad special interests on the right—ever since the Republicans gained control of the executive and legislative branches—is that each one has some special project for the state to support, so they all agree to support big government as a kind of vast logrolling project. If each group does its part, everyone stays on top.

William L. Anderson

The US Supreme Court’s 9-0 decision overturning the obstruction of justice verdict against Arthur Andersen Company comes too late to save the firm or the jobs of thousands of employees who found themselves out of work when the government destroyed the firm three years ago.

Thomas J. DiLorenzo

Ending price supports would certainly allow agricultural markets to work more efficiently, but isn’t it odd to observe the government voluntarily ending a subsidy program that benefits a powerful political constituency—wealthy corporate farmers? It is odd indeed, which is why it isn’t true.