Mises Daily Articles

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Behavioral Economics Challenges the Rationality of Consumer Choices

PhilosophyPhilosophy and MethodologyPraxeology

01/11/2023Mises Media
While behavioral economics claims to be an effective way of measuring individual economic behavior, it actually sets back authentic economic analysis.
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Defining a Good: The Intersection of Saint Thomas Aquinas and Carl Menger

PhilosophyAustrian Economics OverviewPhilosophy and MethodologySubjectivismValue and Exchange

01/11/2023Mises Media
The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.
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Authoritarianism Is Not Compatible with Economic Progress: Freedom Is Indivisible

Economic FreedomThe Police State

01/10/2023Mises Media
The belief that a free market economy needs an authoritarian state to support it is mistaken. Mises said it best when he wrote that "freedom is indivisible."
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The Case for Disbanding Public Health Agencies

Big GovernmentBureaucracy and RegulationProgressivismSocialismThe Police State

01/10/2023Mises Media
Public health agencies tend to be treated like authoritative sacred cows. In reality, they have politicized health policies to the point where they really are a health hazard.
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Industrial Policy Did Not Bring Prosperity to Asia

Bureaucracy and RegulationCronyism and CorporatismProgressivismSocialism

01/09/2023Mises Media
Forty years ago, American politicians claimed that Japanese economic success was due to government economic planning. Unfortunately, the myth of industrial policy never seems to die, no matter how many times it is discredited.
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Objection, Professor Harari! Logic Proves the Existence of Free Will

EducationPhilosophyProgressivism

01/09/2023Mises Media
Yuval Noah Harari, who teaches history at Hebrew University in Jerusalem, denies that free will exists. However, to deny free will is to deny human action itself.
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Woke Egalitarianism and the Elites

DemocracyEducationProgressivism

01/08/2023Mises Media
Modern progressives are not "reformers." Instead, as Murray Rothbard wrote, the progressive method is to seize control of the state and impose their own agenda on everyone.
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Budget Deficit Hits Monthly Record Due to Biden’s Policies

Economic PolicyProgressivismTaxes and SpendingU.S. Economy

01/07/2023Mises Media
Federal budget deficits are increasing, but the Biden administration shows no signs of restraining its spending. This is not going to end well.
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Forget Oil. Now They Are Coming for the Cows

Big GovernmentBureaucracy and RegulationProgressivism

01/07/2023Mises Media
Not satisfied with hamstringing the oil and gas industries, environmentalists now are shutting down farms and production of livestock, all in the name of fighting climate change. But people still need to eat.
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The Economic Super Bowl: 1920–21 versus 1930–31

Booms and BustsEconomic PolicyThe FedHayekU.S. HistoryWorld History

01/06/2023Mises Media
By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?
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