Mises Daily

Spanish mercantilism meant the Crown picked which industries flourished and which withered. This led to a multitude of malinvestments including booms for southern Spain and busts in the Low Countries.  

The average standard of living in this country is higher than in any other country of the world. This is because the per head quota of capital invested is in America higher than in other countries.

According to this theory, cooperation among any number of persons is more productive than the individual efforts of the same persons in isolation from one another.

History is only a tiresome repetition of one story. Persons and classes have sought to win possession of the power of the state in order to live luxuriously out of the earnings of others.

His emphasis on property, capital, entrepreneurship, and above all, his commitment to human action and not government action, makes his long-forgotten work on economics worthy of a revival.

"Let's celebrate the prodigious life of Lu Mises, a life in which he fused crowning insight on how the world tackles the law of scarcity, with lifelong moral courage."

This essay by Mises reveals that he regarded Edgeworth, not Marshall, as the leading British economist of the late nineteenth century.

There is, in short national liberation (good) versus national "imperialism" over other peoples (bad). Once we get over simplistic individualism, this distinction should not be difficult to grasp.

The first libertarian intellectual, writes Murray Rothbard, was Lao-tzu, the founder of Taoism.

The hallmark of Frank A. Fetter's approach to economic theory was his "radicalism," writes Murray Rothbard.