| Mises Institute

Who laid the intellectual foundations of American political economy in the early Republic—the Jeffersonians or the Hamiltonians? Brae Sadler argues that American economic thought developed primarily along Jeffersonian lines.

Hayek’s Normative Basis of Market Order

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Hayek’s spontaneous order presupposes a set of rules which are maintained in a legal framework. These rules cannot be freely designed to serve predetermined ends or “correct” market outcomes.

Entrepreneurship and State Interventions

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State interventions such as minimum wage laws and broader restrictions on economic freedom distort entrepreneurial calculation by altering price signals, labor costs, and incentives guiding resource allocation.

Agency and Entrepreneurship in Capital Markets: Return on Equity and Asset Manager Wages

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Contributing to the Austrian literature on provision of capital to small ventures, this paper considers “return on equity,” the relationship between equity ownership and decision-making rent, and asset managers.

Cephas B. Naanwaab

Quarterly Journal of Austrian Economics, vol. 29, no. 3, 2026

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Price Inflation Has Been above the Two-Percent Target for 65 Months in a Row

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Zelensky Declares There Will Be No Elections in “Democratic” Ukraine

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Democracy means whatever the ruling elite says it means. In this case, being “pro-democracy” means never having elections.

Rothbard’s Unfinished Question: What About Power?

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Murray Rothbard gave libertarianism one of its clearest ethical structures: Individuals own themselves. From self-ownership follow property rights, contract, and the prohibition on aggression. Liberty does not mean that one person may rule another. It means that each person is bound by the same rule: do not invade the person or justly acquired property of others.

Congress Tries to Replace Anarcho-Tyranny in College Sports with Its Own Brand of Tyranny

Read more about Congress Tries to Replace Anarcho-Tyranny in College Sports with Its Own Brand of Tyranny

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What is the Mises Institute?

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.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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