If all work and all workers were homogenous, we might be able to say that the gender wage gap is caused by sexism, but the gap is better explained by big differences in the life goals and chosen industries of men and women.
We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate.
Data from Japan, Spain, Greece, and the Netherlands all suggest that deflation is not the disaster many economists suggest it is. In fact, there's good reason to believe that economies really start to take off when prices fall the most.
Jonathan Newman reports from this year's Austrian Economics Research Conference at the Mises Institute. As usual, this year's conference brought together some of the finest Austrian-school faculty and students from around the globe.
It's much easier to calculate the direct cost of a tax than the many indirect costs of a government regulation. Nevertheless, government regulations remain some of the biggest millstones around the neck of human progress and ingenuity.
For decades, the Italian state has facilitated the Mafia's grip on industry in Italy. The result has been a disastrous lack of foreign investment and other ills. It now seems that only the elimination of the central state could bring about serious reform.
Conscription has become an issue in Ukraine where young men are attempting to avoid compulsory military service. But Ukraine is not unique, and states across the globe and throughout history have imposed the 100-percent tax known as "the draft."
George Kateb's new book, Lincoln's Political Thought, is an important addition to Lincoln scholarship. Kateb appears to understand that Lincoln was more of a nationalist than a moral crusader, although Kateb's conclusions about the Civil War inspire skepticism.
Milton Friedman once compared monetary stimulus to daylight saving time. But while daylight saving has an ending date, current monetary stimulus has no end in sight, and we’re just moving the clock ahead repeatedly without ever moving it back.
