Mises Daily Articles

Displaying 11 - 20 of 549

What Is Entrepreneurship?

The EntrepreneurU.S. EconomyEntrepreneurshipProduction TheoryValue and Exchange

04/11/2020Mises Daily Articles
Formal models of the economy, writes Murray Rothbard, tend to overlook a crucial instrument of change: entrepreneurship.
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Working around Leviathan

Big GovernmentGlobal EconomyU.S. HistoryPhilosophy and Methodology

01/16/2020Mises Daily Articles
It's a paradox: never before has a government in human history assumed unto itself the power to regulate the minutiae of daily life as much as this one. At the same time the United States is overall the wealthiest society in the history of the world.
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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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Was Keynes a Liberal?

Free MarketsGlobal EconomyInterventionismOther Schools of Thought

10/07/2019Mises Daily Articles
The particular crises to which Keynes reacted were themselves the products of misguided government policies.
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What Economic Progress Means

Global EconomyWorld HistoryHistory of the Austrian School of EconomicsOther Schools of Thought

10/01/2019Mises Daily Articles
The question is not whether economic progress makes people happy. Most mothers feel happier if their children survive, and most people feel happier without tuberculosis than with it.
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Why Government Plans for Fixing Recessions Ultimately Fail

Business CyclesOther Schools of Thought

09/14/2019Mises Daily Articles
The fundamental error of the interventionists is that they ignore the shortage of capital goods.
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What Is "Originary Interest"?

Financial MarketsMoney and BanksCapital and Interest TheoryFiscal TheoryMoney and Banking

09/03/2019Mises Daily Articles
People do not save and accumulate capital because there is interest. Interest is neither the impetus to saving nor the reward or the compensation granted for abstaining from immediate consumption. It is the ratio in the mutual valuation of present goods as against future goods.
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Wage Earners and Employers

History of the Austrian School of EconomicsOther Schools of ThoughtPhilosophy and MethodologyProduction Theory

07/29/2019Mises Daily Articles
The characteristic principle of capitalism is that it is mass production to supply the masses. Big business serves the many.
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Wages and Subsistence

Free MarketsPricesPrivate PropertyProduction Theory

07/18/2019Mises Daily Articles
"The problems of poor relief are problems of the arrangement of consumption, not of the arrangement of production activities."
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What Is the Proper Way to Study Man?

BiographiesHistory of the Austrian School of EconomicsPhilosophy and MethodologyPraxeology

05/08/2019Mises Daily Articles
It becomes evident from Richard von Mises's fundamental work that mathematical probability theory can never be applicable to economics, or to any other study of human action.
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