Displaying 81 - 90 of 402

Mises versus Hayek on the Future of Civilization

HayekPhilosophyCalculation and KnowledgePhilosophy and MethodologyPolitical TheoryPraxeology

10/02/2023Mises Media
While F.A. Hayek is known for his term “spontaneous order,” Mises saw institutional development as coming from growth in human understanding of things.
Read More

Economic Calculation Is Nonbinary

SocialismCalculation and KnowledgeEntrepreneurshipPraxeology

08/31/2023Mises Media
Economic calculation is not an either-or proposition. Even in so-called market economies like that of the USA, there is plenty of government intervention that distorts market processes.
Read More

The Simplicity and Significance of Mutual Economic Exchange

Economic PolicyFree MarketsPraxeology

08/24/2023Mises Media
The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life.
Read More


Austrian Economics OverviewPraxeology

07/24/2023Mises Media
Praxeology is the method of economics.
Read More

Understanding the Difference between Praxeology and Psychology

Philosophy and MethodologyPraxeology

04/06/2023Mises Media
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.
Read More

The Phillips Curve Is an Economic Fable

InflationMonetary TheoryPraxeology

03/20/2023Mises Media
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.
Read More

Saint Augustine, Proto-Austrian

History of the Austrian School of EconomicsPraxeology

02/28/2023Mises Media
One of the fundamental tenets of Austrian economics is the ordinal value scale. Augustine articulated the idea more than a thousand years before Carl Menger wrote his pathbreaking Principles of Economics .
Read More

Will AI Learn to Become a Better Entrepreneur than You?

The EntrepreneurEntrepreneurshipPraxeology

02/23/2023Mises Media
While artificial intelligence has its merits, it still cannot perform the job of the Misesian entrepreneur. That is a good thing.
Read More

Ten Ethical Objections to the Market Economy

Free MarketsMedia and CultureHistory of the Austrian School of EconomicsPhilosophy and MethodologyPraxeology

02/11/2023Mises Daily Articles
Murray N. Rothbard slices his way through ten of the most common value-based calumnies against the market economy. An excerpt from Man, Economy, and State, with Power and Market .
Read More

We Will Berry You

Calculation and KnowledgePraxeologySubjectivism

01/13/2023Friday Philosophy
Wendell Berry is hardly Rothbardian in his economic and social outlook. His new book, however, has its Murray Rothbard moments.
Read More