Is Austrian economics compatible with modern sociology, which is presently dominated by collectivists? In fact, it is possible to apply praxeology to sociology analysis, and that is where one begins to approach this discipline in a manner that promotes liberty.
What do we mean by “states‘ rights”? Mises scholar, Wanjiru Njoya, takes us through the discussion to show us how different people have tried to define and explain that term.
Austrian economics veers sharply from the economic mainstream over the use of mathematics and quantitative measures. Instead, Austrians build upon irrefutable premises based upon human action.
Some in Congress are floating the idea of selling government land—especially in the West—as a way to pay down federal debt and free more land for housing. While this might seem like a free market “solution,” we should remember that the government is a rapacious monopoly.
While it is tempting to see the economic success of Singapore and Hong Kong as similar, there really are stark differences between them. Hong Kong has developed through laissez-faire and entrepreneurship while Singapore is much more state directed.
Why did North and South go to war with each other in 1861? The standard narrative is that slavery caused the war while more thoughtful people realize that the causes are much more complex than the simple “slavery existed” narrative.
Socialists despise individual liberty because they believe that allowing humans to make free choices supposedly leads to selfish and anti-social behavior. However, by denying individual choice, socialists are denying human action itself.
This article is dedicated to some of the quotes, especially from key participants and primary sources, about inflation and its consequences during the American Revolution. As usual, war led to inflation, which in turn facilitated war, and both contributed to centralization.
If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.
Mises University begins Sunday, July 20, and given that misinformation abounds about the economy, it is good to have a forum where students can learn economic truths and stretch their minds.
