Mises Daily Articles

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To "Give Back," Add Real Value

Calculation and KnowledgeValue and Exchange

12/29/2014Mises Daily Articles
"Giving back" is big these days, but how can we know if we’re really making a contribution that someone values? Economics, fortunately, gives us an answer: the best way to "give back" is to earn honest money...

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Hoppe on Democracy, Progress, and the State

World HistoryPolitical Theory

12/27/2014Mises Daily Articles
David Gordon explains how Hans-Hermann Hoppe, while avoiding undue pessimism, takes the conventional view of "progress" in Western society and turns the narrative on its head...

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High Courage and Unusual Integrity

History of the Austrian School of Economics

12/26/2014Mises Daily Articles
"I was once told that Rothbard had an 'unfair advantage,'" Lew Rockwell writes, "because all his works are available for free on the web, thanks to our donors. Give me more such unfairness!...

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A Capitalist Christmas

Free MarketsMedia and Culture

12/25/2014Mises Daily Articles
Christmas is the most pro-capitalist of all holidays because its worldly joys are based on private property, voluntary exchange, and mutual benefit. It's also one of the least political of all major holidays...

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Correcting Scrooge’s Economics

Media and CultureValue and Exchange

12/24/2014Mises Daily Articles
Ebenezer Scrooge is guilty of no crime, but he is a bad economist. This is demonstrated by Scrooge's ignorance about the subjective nature of value, and by his insistence that he is being robbed by his clerk who negotiates a day off...

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Private Volunteers Step In Where Police Are AWOL

The EntrepreneurThe Police StateU.S. History

12/23/2014Mises Daily Articles
Where police fail, as at Ferguson and in Detroit, private firms and volunteers have stepped in. And yet the state continues to claim that its employed enforcers are a thin blue line between order and chaos.

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The WHO’s Bias Against Free-Market Healthcare

HealthU.S. History

12/22/2014Mises Daily Articles
Many advocates for socialized medicine point to the World Health Organization's claim that US healthcare ranks below dozens of other countries. But these rankings are biased in favor of cheap health care over quality health care...

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A Conversation with Mises University Alumnus Ray Walter

History of the Austrian School of EconomicsPhilosophy and Methodology

12/20/2014Mises Daily Articles
Mises University Alumnus Ray Walter, now a PhD student in physics and mathematics at the University of Arkansas, discusses his work with the Mises Institute and how it has influenced his academic career.

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The Social Function of Economic Inequality

The EntrepreneurSubjectivismValue and Exchange

12/19/2014Mises Daily Articles
The rich make new resource-intensive products economically feasible. Those wealthy early-adopters of new products act as mannequins on which new products are draped, increasing demand as producers attempt to bring those products to the mass market.

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All I Want for Christmas is a (Real) Government Shutdown

Big GovernmentTaxes and Spending

12/18/2014Mises Daily Articles
Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the consequences of a temporary government shutdown.

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