Philosophy and Methodology

Murray Rothbard explains money in his book The Mystery of Banking. The purchasing power of the dollar varies inversely with the supply of dollars, and directly with the demand. 

What has happened here, and elsewhere, is that Mises has strayed off his great stomping ground, praxeology, and into ethics, where he is, Rothbard believes, tragically wrong.

"In order to succeed, human action must comply not only with what are called the laws of nature, but also with specific laws of human action."

The people of the USSR rightly considered Gorbachev to be just another Communist Party hack. His "reforms" were only expedient measures designed to preserve communism. 

"As long as pseudophilosophies retain their undeserved prestige, the average intellectual will go on blaming capitalism for all the disastrous effects of anticapitalist schemes and devices."

It’s impossible to simply declare nationalism itself to be good or bad. Its goodness or badness depends primarily on its effect on existing regimes and state institutions.

How can people deal with conflicts in a peaceful and mutually agreeable way? Mises, Hoppe, and Robinson Crusoe himself point the way.

Presented at Mises University 2022.

Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice.

What is libertarian law and how does it function? Ludwig von Mises answered some of those questions and helped chart a path to achieving such a state of affairs.