Mises Daily Articles

Displaying 1 - 10 of 1911

The Rise of Capitalism

Free MarketsHistory of the Austrian School of Economics

08/14/2019Mises Daily Articles
The characteristic feature of capitalism that distinguished it from precapitalist methods of production is capitalism's efforts to make goods and services available to everyone — not just the wealthy.
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The Triumph of Socialism

World HistoryHistory of the Austrian School of EconomicsOther Schools of Thought

08/13/2019Mises Daily Articles
Things might have been much worse were it not for the efforts of a relative handful of intellectuals who have fought against socialist theory for more than a century. Without them, it might have been 99% in support of socialist tyranny.
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The Misesian Vision

Austrian Economics Overview

08/03/2019Mises Daily Articles
The problem is that the capacity to imagine freedom is being eroded in our society and culture. The less freedom we have, the less people are able to imagine what freedom feels like, and therefore the less they are willing to fight for its restoration.
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The Class Struggle

World HistoryOther Schools of ThoughtPhilosophy and MethodologyPolitical Theory

07/12/2019Mises Daily Articles
The workers were never enthusiastic about socialism. Socialism was brought to the masses by intellectuals of bourgeois background, dining and wining together in the luxurious London homes and country seats of late Victorian "society."
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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 Alleged Absence of Depressions under Totalitarianism

Business CyclesHistory of the Austrian School of EconomicsMonetary TheoryOther Schools of Thought

06/21/2019Mises Daily Articles
Where there is no business at all, business can be neither good nor bad. There may be starvation, and famine, but no depression in the sense in which this term is used in dealing with the problems of a market economy.
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The Velocity of Circulation

Financial MarketsHistory of the Austrian School of EconomicsMonetary Theory

06/20/2019Mises Daily Articles
Increased velocity of circulation is not, in itself, a contributing cause of higher commodity prices. It is not even a link in the chain of causation.
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The Righteous Bosses of the New Deal

Booms and BustsU.S. HistoryInterventionismOther Schools of Thought

06/17/2019Mises Daily Articles
In much of America, the New Deal was run by a small number of very powerful political bosses.
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The Popular (and Wrong) Interpretation of the "Industrial Revolution"

Free MarketsWorld HistoryEntrepreneurshipHistory of the Austrian School of Economics

06/04/2019Mises Daily Articles
Far from being a bucolic utopia, economic conditions were highly unsatisfactory on the eve of the Industrial Revolution. The traditional social system was not elastic enough to provide for the needs of a rapidly increasing population.
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The Lure of a Stable Price Level

U.S. HistoryBusiness CyclesPrices

05/27/2019Mises Daily Articles
The siren song of a stable price level had lured leading politicians and economists since as early as 1911.
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