Mises Daily Articles

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The Myth of the Unchanging Value of Gold


02/12/2024Mises Daily Articles
Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a subjective judgment and is without physical dimensions.
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The Promise of Human Action


01/23/2024Mises Daily Articles
Indeed, if we look at the failure of the welfare state, the persistence of the business cycle, runaway inflation, and out-of-control debt, we'll see that each is addressed and predicted in ' Human Action .'
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The Real Meaning of Inflation and Deflation

전기(傳記)오스트리안학파 경제학의 역사화폐이론인간행동학

01/02/2024Mises Daily Articles
If one looks at the catastrophic consequences of the great paper-money inflations, one must admit that the cost of making and holding gold is the minor evil. It would be futile to retort that these catastrophes were brought about because the regime merely used fiat money improperly.
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The Christmas Truce of World War I

Book Reviews자유시장전쟁과 대외정책세계역사

12/25/2023Mises Daily Articles
Never forget the Christmas truce of World War I, when troops refused to be pawns of empire for one blessed day.
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The Myth of the Failure of Capitalism

자유시장오스트리안학파 경제학의 역사간섭주의

12/09/2023Mises Daily Articles
Socialism and interventionism have not yet succeeded in completely eliminating capitalism. If they had, we would, after centuries of gains in prosperity, rediscover the meaning of hunger on a massive scale.
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Socialism vs. Economic Freedom

자유시장기타 학파

12/05/2023Mises Daily Articles
The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society.
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How the Business Cycle Happens

경기호황과 파열미국 경제미국 역사경기변동

08/15/2023Mises Daily Articles
Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without "pre-judgment" is futile.
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The Marxian Doctrine of "Ideology"

자유시장기타 학파

07/29/2023Mises Daily Articles
To Marx, each individual's thinking is all determined not by his personal self-interest but by the interest of the class to which he supposedly belongs.
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Mercantilism: A Lesson for Our Times?

자유시장간섭주의기타 학파정치 이론

07/15/2023Mises Daily Articles
Inflation did not benefit the poor; wages lagged behind the rise in prices during inflations, especially behind agricultural prices.
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