Mises Daily Articles

Contrary to myth, Nazi Germany was a socialist state, not a capitalist one.

Gary North shows how Rothbard always had the ability to go to the central issue in a debate. He wrote clearly. He wrote continuously. He wrote for almost anyone who would give him an opportunity to put an idea in print.

Capital goods become available thanks to secure private property rights, and a class of people willing to save and invest. Without this, there can be no great progress in the standard of living. But, it all takes time.

Robert Murphy explains what it means to act "on the margin" or to think in terms of "marginality." Economists use the term often. The Mises Circle in interwar Vienna even had songs with refrains that included the words "marginal utility." Here is your one-article guide to understanding what all the...