The Continuing Relevance of Mises’s Human Action
In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.
Philosophy and Methodology
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The Myth of “Macroeconomics”
The macroeconomic approach looks upon an arbitrarily selected segment of the market economy as if it were an integrated unit.
The “Lucas Critique” Is Misesian at its Core
Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.
Millennials Love Free Markets, But Don’t Understand Them
How is it possible for Millennials to favor both a socialist government and a capitalist economy? It is simple, they don't truly understand the concepts.
Why Social Welfare Programs and Democracy Cannot Co-Exist
John Stuart Mill and Ludwig von Mises realized that democracy can only work if the voters pay more into the system than they take out of it.
Brexit Shows Why Central Planning Won’t Work
Central planning relies on successfully predicting the future. Unfortunately for central planners, this is an impossible task.
Was Mises a Cynic?
Mises maintained that humans act out of self interest. But that doesn't mean others can't benefit from those actions, regardless of intent.
