Just Price is the Market Price: The Case of the NBA’s Brad Miller

07/24/2003 Mises Wire Jeffrey C. Cleveland

The National Basketball Association (NBA) deals with the formation of prices and free agent Brad Miller: “The law of supply and demand was completely in his favor – limited supply (centers) and exorbitant demand (teams in need of centers).”

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Harry Frankfurt, Humbug, and the Battle against Wokery

06/22/2024 Mises Wire Wanjiru Njoya

Although Harry Frankfurt was not a libertarian, his critique of egalitarianism reflects the principles of liberty. Frankfurt argued that “economic equality is not, as such, of particular moral...

Democracy Is Not the Same Thing as Freedom

06/22/2024 Mises Wire Soham Patil

In our modern world, most states are democracies or at least call themselves “ democratic. ” The adoption of democracy is hailed as one of humanity’s greatest achievements . Once upon a time, humanity...

Why Consumer Sentiment Fell To A Seven-Month Low

06/22/2024 Mises Wire Daniel Lacalle

The University of Michigan Consumer Sentiment Survey plummeted to its lowest level in seven months. The index reading for June came in at 65.6, down from 69.1 in May and under the consensus...

The Establishment Survey Overestimated Job Creation by nearly 700,000 in 2023

06/21/2024 Power & Market Ryan McMaken

Yesterday, we looked at how the Business Employment Dynamics (BED) report showed job losses last year while the much-reported and much-touted monthly Establishment survey report showed “blowout” job...

Private Property Comes from Scarcity, Not Law

06/21/2024 Mises Wire Joakim Book

Property is a key economic principle for markets to operate and their participants to live in harmony with one another. But as with so many things in the modern age, the scene (and accompanying meme )...

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Jeffrey C. Cleveland

The Austrian School’s Influence

01/07/2004 Mises Wire Jeffrey C. Cleveland

From the Washington Times (scroll down): California Gov. Arnold Schwarzenegger is only the most recent native Austrian to make waves in American policy circles. The “liberty” philosophies of the late...

Is trying to teach economics without math a misguided project?

12/23/2003 Mises Wire Jeffrey C. Cleveland

Arnold Kling asks, “ Is trying to teach economics without math a misguided project?” He even constructed an online text book on this basis.

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

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