Mises Daily Articles

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mass production

What "Capitalism" Really Means

Free MarketsHistory of the Austrian School of Economics

12/12/2020Mises Daily Articles
Big business, the target of the most fanatic attacks by the so-called leftists, produces almost exclusively to satisfy the wants of the masses. In fact, serving the masses is the main occupation of the "capitalist."
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Daily Sept 23 B Caesar

Why Historical Revisionism Matters

World History

10/23/2020Mises Daily Articles
Historical revisionism is the process of unmasking government excuses for the state's many crimes.
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ideas socialism bourgeoisie interests

Why Ideas Dictate What We Think Is in Our Self-Interest

Free MarketsWorld HistoryOther Schools of Thought

08/20/2020Mises Daily Articles
It is ideas that determine what people consider as their interests. Free men do not act in accordance with their interests. They act in accordance with what they believe furthers their interests.
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education public private for profit free market

What If Public Schools Were Abolished?

EducationFree MarketsInterventionism

07/14/2020Mises Daily Articles
If we could abolish public schools and compulsory schooling laws, we would have better schools at half the price—and be freer too.
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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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detour

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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