The Idea of a Third System
Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen, writes Ludwig von Mise
Production Theory
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Who Are the Monopolists?
There is no evidence that a market system will bring about a tendency toward monopolistic growth; the state does that.
In Praise of the Capitalist 1 Percent
What the protesters do not realize is that the wealth of the 1 percent provides the standard of living of the 99 percent.
The Firm and the Division of Labor
We have to make a fundamental choice: we can either engage in the social division of labor and contribute to our own and society's overall prosperity, or turn our backs on civilization and live the nasty, brutish, and short life that awaits.
9.05. A Note on the Fallacy of “Distribution”
From Man, Economy, and State, narrated by Jeff Riggenbach.
8.04. Capital Accumulation and the Length of the Structure of Production
From Man, Economy, and State, narrated by Jeff Riggenbach.
Pseudo Idleness in Labor
This is a phenomenon of the greatest importance in any study of unemployment of labor or “surplus capacity” in material resources.
Production, Sustainable and Unsustainable
People realize the unsustainability of their investments, the bubble pops, boom gives way to bust, and the resources are (painfully) reallocated.
Malthus and the Assault on Population
The Malthusian fallacy created the common view that economics is cold, hardhearted, excessively rational, and opposed to the welfare of people, wri
