Mises Daily

The idea of final utility is to the expert the open sesame, as it were, by which he unlocks the most complicated phenomena of economic life and solves the hardest problems of the science.

What Thoreau was defending here, in 1849, was essentially the same concept the English philosopher Herbert Spencer defended two years later, in his book Social Statics, as "the right to ignore the State."

Catholic political thought had come a long way from the Spanish scholastics.

I will continue to repeat that all people will be made better off in the long run by lowering taxes, easing regulations, stopping fiscal-policy interventions, and not giving the state the power to print fiat money.

Choosing means is a matter of reason, choosing ultimate ends a matter of the soul and the will.

"In the market, the decision of whether and how much litter to allow is based ultimately on the wishes and desires of the consumers!"

I cannot agree with Professor Krugman's statement that the Austrian business-cycle theory is not "worthy of serious study."

In that way, the possessors of a liberal or pacifist conscience can go about their business assured that they could never be a party to capital punishment; while the rest of us can have the capital punishment we would like to have, free from the interference of liberal busybodies.

If banks and other credit institutions are multiplied, and if credit operations are facilitated by public security, good administration of law, etc., less money is needed.

In this article I'll walk through Glaeser's critical observations, most of which misfire.