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?

01/24/2006Mises 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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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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