Merit-based equality

Why Hayek Rejected Merit-Based Equality

In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept.

Mises Wire Wanjiru Njoya
Rich and Poor

The K-Shaped Economy

The so-called K-shaped economy—where some experience positive growth and others negative growth—is perfectly explained by Austrian business cycle theory and the Cantillon effect.

Mises Wire Mark Thornton
Rocky road

Argentina’s Rocky Road to Economic Freedom

While the jury still is out regarding Javier Milei’s economic “reforms” in Argentina, one must remember that economic intervention in that country is thoroughly entrenched in political and economic life there.
Finn Andreen
The Misesian
In the latest issue of The Misesian, we give readers a sense of what happens at Mises University by featuring lectures and photos from the event, as well as testimonials from students.

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.

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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