Stagflation

What Causes Stagflation?

Keynesians claimed that stagflation—rising price levels and increasing rates of unemployment—couldn’t happen. Then it happened time and again, something predicted and coherently explained by Austrian economists.

Mises Wire Frank Shostak
Albert Jay Nock

Nock’s War on the State

Before Murray Rothbard, there was Albert Jay Nock laying intellectual broadsides against the tyranny of the state. While Nock (unlike Rothbard) never called for total abolishment of the state, he did want as minimal a state as could be had.

Mises Wire George Ford Smith
Woke

Capitalism Is Not to Blame for Wokeness

The left has always attacked capitalism as being anti-social, but today much of the criticism of free markets comes from the right. Capitalism, they claim, breaks social bonds that hold societies together and it promotes wokeness. Dr. Wanjiru Njoya takes sharp exception to such claims.
Wanjiru Njoya
Friday Philosophy with David Gordon

Winch Way Forward?

Austrian economists insist one cannot use the methodology of the physical sciences to explain economic phenomena. In this week’s Friday Philosophy, Dr. David Gordon examines Peter Winch, who criticized using methodology of the physical sciences to explain social sciences.
David Gordon
Britain decline

Why Britain’s Economy Is Sputtering

Great Britain’s economy clearly is underperforming from what it could be. Unfortunately, the damage is self-inflicted and change is not likely in the future, especially with a socialist government.
Lipton Matthews
Federal government

Antebellum Federal Protections of Slavery

Unfortunately, slavery was not just propped up by policy in the slave states, but federally. It is often overlooked that the federal government—not just slave states—had implemented legal protections of slavery by policy for decades.
Joshua Mawhorter
Trade deficit

Trade Deficits and Sound Money

Politicians claim that trade deficits are due to the lack of trade barriers. However, as Ludwig von Mises explained, one cannot separate trade and sound money, especially when the current edition of the US dollar is declining in value relative to what it can buy.
Joseph Solis-Mullen
The Misesian
The latest issue of The Misesian discusses how the inflationist economy affects Gen Z and what can be done to reclaim an economy based on saving, investing, and looking to the future.

Austrian Economic Research Conference 2026

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Auburn, AL

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.

California: The State of the State

April 25, 2026
San Diego, California

Just how bad is the state of California? How did it get this way? What can be done about it? Join us in San Diego to discuss these questions and more.

Spring Campus Mises Book Clubs

Various Locations

This spring, students from across the US are participating in Mises Book Clubs led by scholars at various universities and colleges. These student groups promote deep reading in Austrian economics.

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.

Become a Member
Mises Institute