Econ 101

One Lesson

Free MarketsHistory of the Austrian School of EconomicsPhilosophy and Methodology

06/05/2008Mises Daily Articles
They tell us how much better off economically we all are in war than in peace.
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The Capitalist Revolution

Free MarketsWorld History

Blog02/01/2019

Under capitalism, the common man was no longer a drudge who had to be satisfied with the crumbs that fell from the tables of the rich.

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Why It's Important to Understand "Economic Costs"

Austrian Economics OverviewSubjectivismValue and Exchange

Blog06/20/2019

The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.

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What Is the Free Market?

11/04/2019Mises Daily Articles
Murray Rothbard defines the phrase free market: "a summary term for an array of exchanges that take place in society. Each exchange is undertaken as a voluntary agreement between two people or between groups of people represented by agents."
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Middle-of-the-Road Policy Leads to Socialism

Free MarketsHistory of the Austrian School of EconomicsOther Schools of Thought

12/02/2006Mises Daily Articles
The fundamental dogma of all brands of socialism and communism is that the market economy or capitalism is a system that hurts the vital interests of the immense majority of people for the sole benefit of a small minority of rugged individualists.
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4 Reasons Why Socialism Fails

SocialismWorld History

Blog09/10/2018

Even a degenerate capitalism produces more prosperity than the best socialism. Therefore, the task ahead cannot be to remove capitalism in favor of socialism but to make capitalism better.

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The Austrian Theory of Money

History of the Austrian School of EconomicsMoney and Banking

07/02/2019Mises Daily Articles
Mises's fundamental accomplishment was to take the theory of marginal utility and apply it to the demand for and the value, or the price, of money.
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The End of Socialism and the Calculation Debate Revisited

SocialismStrategyCalculation and KnowledgeInterventionism

10/09/2019Review of Austrian Economics, Volumes 1-10
The Soviet Union in 1991 was dissolved. Murray Rothbard explains what led to the economic collapse.
Formats

rae5_2_3_2.pdf

PDF icon PDF (1.63 MB)
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The Myth of Natural Monopoly

Free MarketsWorld HistoryMonopoly and Competition

01/14/2019Mises Daily Articles
No such thing as a "natural" monopoly has ever existed. In real life, so-called "public utilities" faced frequent competition, so they secured government monopolies to destroy the competition and invented the myths to rationalize their monopoly power.
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The Myth of Efficiency

Production Theory

09/04/2016Articles of Interest
The word "efficiency" in modern economics and politics has been abused to the point of having no useful meaning.
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Lord Keynes and Say's Law

Free MarketsOther Schools of Thought

02/24/2018Mises Daily Articles
Although they never actually refuted it, one of the worst things the Keynesians did was convince some people that they had refuted Say's Law of Markets.
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A Reformulation of Austrian Business Cycle Theory in Light of the Financial Crisis

Booms and BustsBusiness Cycles

07/30/2014Quarterly Journal of Austrian Economics
The financial crisis and the events leading up to it have sparked a remarkable renewal of interest in Austrian Business Cycle Theory (ABCT).
Formats

qjae15_1_1.pdf

PDF icon PDF (1.1 MB)
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