Mises Daily Articles

The world financial crisis and recession have provided Austrian economists with a golden opportunity.

While not necessarily an innovator, Steve Jobs personifies something far more powerful in a free society — the entrepreneur. An "entrepreneur" is one who "organizes an enterprise through risk and initiative." He accomplished this feat in spades.

The sheaf of protectionist arguments, many plausible at first glance, are really a tissue of egregious fallacies.

Shadow work is any work we do that we aren't directly compensated for. What its critics miss is that this shadow work is one of the effects of inflation, along with the government's ongoing effort to prop up the cost of labor with regulations and the minimum wage.