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Why Is the Healthcare System Broken? Register for the Mises Circle in New Hampshire, June 27

A Brief Note on Indifference

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The only preference that is relevant to the understanding of purposeful human action is the preference of ends, and indifference of ends cannot exist, says Manuel García.

Book Review: _Why Managers Matter: The Perils of the Bossless Company_

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Ulrich Möller reviews Nicolai Foss and Peter Klein’s new book on the role of management in companies, finding it a versatile and balanced corrective to trendy but hollow concepts.

Book Review: _A Guide to Good Money: Beyond the Illusions of Asset Inflation_

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An excellent primer for those who wish understand the opacities of modern money, Brown and Pringle’s new book also suggests monetary reforms, including a gold standard. Review by Joseph Solis-Mullen.

Book Review: _Criminal (In)Justice: What the Push for Decarceration and Depolicing Gets Wrong and Who It Hurts Most_

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Tate Fegley reviews Rafael Mangual’s timely new book that challenges the dominant narratives on criminal justice reform.

The Austrian School and Mathematics: Reconsidering Methods in Light of Complexity Economics

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Should complexity economics cause us to reevaluate the Austrian school’s historical position on the role of mathematics in economics? Vicente Moreno-Casas argues that Austrian economists can use algorithmic mathematics.

Externalities and the State

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Failure to enforce property rights is far from the only way in which government gives rise to externalities. Indeed, most actions of the government actually cause externalities.

Is It Money Because It Is Redeemed in Tax Payments? A Response to Kelton and Wray

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Per Bylund responds to Randall Wray and Stephanie Kelton, pointing out the errors in the chartist position espoused primarily by MMT proponents.

Publication Activity in Austrian Journals, 2011–20

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Robert Mulligan appraises the Austrian school’s progress over 10 years, using counts of publications in the academic journals of the Austrian school.

What Is Inflation? Clarifying and Justifying Rothbard’s Definition

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Is inflation an increase in the supply of money not offset by an increase in the demand, or an increase of fiduciary media? Hansen and Newman argue for the latter.

An Austrian View on Risk and Its Quantification: A Reply to Hering, Olbrich, and Rapp

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Turowska offers improvements to her earlier contribution in Kruk (2020), suggesting that scenario analysis is not a viable solution to the problem of calculating investment profitability.

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