You must know basic economics in order to understand historic events. Human Action is the basic book. Economic laws determine the way people cooperate by exchanging property rights, by dividing their labor, and by subjectively calculating prices.
Mises Daily authors possess a skill held by very few others; they are able to take complex topics and convey them in a form that is accessible, concise, and enjoyable to read. Here are the smash hits of 2010.
This is the biggest year in publishing by the Mises Institute in our entire history. We never imagined that we would become a full-fledged publishing house and never planned it that way, but this seems to have happened in any case.
In our times, a major reason, and perhaps the major reason, for the phenomenal progress of the ideas of liberty is the work of the Mises Institute.
In our times, a major reason, and perhaps <i>the</i> major reason, for the phenomenal progress of the ideas of liberty is the work of the Mises Institute. This is the infrastructure that gives rise to and supports all the rest. We need your help.
I would like to tell you more about our philosophy and the work that we do, with the hope that you will join me in <a href="https://mises.org/donate.aspx">becoming a financial supporter</a>.
[This speech was delivered at the offices of the Mises Institute, September 14, 1999, the date on which
The Gilded Age ushered in industrial leaders in capitalistic achievement. Success in the world of commerce reflected certain characteristics.
Instead of each person doing all of the work creating what he needs and wants, dividing the labor amongst all of us into specialties is clearly superior by increasing the productivity of labor.
