The Significance of Mises.org
First, Mises Institute offers a wealth of scholarly resources. Second, it offers cogent, insightful commentary through its Daily Articles and the Mises Economics Blog.
First, Mises Institute offers a wealth of scholarly resources. Second, it offers cogent, insightful commentary through its Daily Articles and the Mises Economics Blog.
This audio essay is narrated by Gennady Stolyarov, II.
This address was originally delivered before the University Club of New York on April 18, 1950.
Pages 64-82 in the text, as narrated by Gennady Stolyarov II.
Pages 49-50 in the text, as narrated by Gennady Stolyarov II.
Pages 82-83 in the text, as narrated by Gennady Stolyarov II.
Pages 50-64 in the text, as narrated by Gennady Stolyarov II.
The market economy is a social system where individuals specialize in their occupations and the means of production (natural resources, tools, etc.) are privately owned. Although everyone acts to serve his own interests, in a market economy this is achieved by aiming to satisfy the desires of other people.