Mises Daily

In a market economy, marginally "superior" technology-where it can be objectively defined-doesn't necessarily end up dominating, and that's the way it should be.

Even though research commenced in the 1970s, behavioral finance has only now gained wider currency with its terminology and ideas more widely disseminated and accepted.  

Alan Bock's book, Waiting to Inhale, gives readers an inside look at the forces behind the movement to give medical patients access to the legal use of marijuana.

Why would some folks hate globalization as it is properly understood and conceived? Tibor Machan explains.  

Groupthink is a process of gradualism that seeks to gently merge the followers into a pack with leaders.

In the real world, it is not enough to have demand for goods: one must have the means to accommodate people's desires.

Recently, Paul Krugman published his own critique of the Bush tax cut in a short, popular book entitled Fuzzy Math.

Forbes magazine's Peter Brimelow and Edwin Rubenstein ask, "Does Hayek’s Law condemn the U.S. economy to a Japanese-like L-shaped recession?" John Cochran responds.

Why do economists like Becker and others who say they favor free markets blindly support antitrust laws in all of their wretched excesses?  

What happens when organized labor strikes against another union, and not against a private firm?