Prices

Recorded at the Mises Institute in Auburn, Alabama, on July 19, 2025.

Shawn Ritenour shows how the division of labor turns our inequalities into the glue of society, and why the only way to profit in a market is to serve someone else first.

Jeffrey Herbener builds Austrian price theory from the ground up.

There are several interesting economic lessons to learn from Pokémon cards.

Mises’s focused analysis of price controls: why fixing prices produces shortages and demands for still more controls, and what that reveals for the theory of social organization as a whole.

The New York Knicks are in the NBA Finals for the first time in 27 years and high ticket prices provide an opportunity to debunk common economic fallacies.

Political power over markets doesn’t just corrupt individuals—it corrupts the price system itself.

When the recent NFL draft was held in Pittsburgh, city officials declared bus fares would be free so fans would pack the auditorium where the draft was held. Who would have thought that making scarce goods free would bring about chaos with the bus riders?

When the recent NFL draft was held in Pittsburgh, city officials declared bus fares would be free so fans would pack the auditorium where the draft was held. Who would have thought that making scarce goods free would bring about chaos with the bus riders?

We are reminded time and again that prices emerge from subjective valuation, not objective criteria.