Equilibrium, Profit and Loss, and Entrepreneurship

The EntrepreneurEntrepreneurship

7 hours agoBooks
Mises stated that general equilibrium is purely a methodological device with no counterpart in the real world. It only defines profit and loss.

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The Shutdown: The Last Thing We Need is a Government Where Everyone Works Together

Big GovernmentU.S. History

Blog9 hours ago
The ability of a minority to prevent the passage of legislation is a feature of good government — it's not a bug.

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An Interview with Bettina Bien Greaves

History of the Austrian School of Economics

Blog10 hours ago
Mises's Bibliographer, Bettina Bien Greaves, has passed away at the age of 100.

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The War on Cops: Where's the Evidence?

Legal SystemU.S. History

Blog10 hours ago
Heather McDonald's book doesn't exactly demonstrate that a war on cops exists.

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Planned Obsolescence Isn't Really a Problem

Bureaucracy and Regulation

Blog01/22/2018
The concept of “planned obsolescence” makes no economic sense and is often an excuse for governments to harass and shake down innovative entrepreneurs.

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When Government Shuts Down

Taxes and SpendingU.S. EconomyU.S. History

The lesson of a government shutdown is that the world doesn't fall apart when Uncle Sam takes the day off.

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Do Taxpayers Want to Pay For Those Shut Down Government Services?

Free MarketsTaxes and SpendingInterventionism

01/20/2018Mises Daily Articles
In addition to kicking the can down the deficit road year after year, the federal government employs a variety of tools to mask the true cost of government.

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