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2002 Federal Register Is Longest Ever

BlogJuly 8, 2003

The Washington Post reports that the 2002 Federal Register runs to 75,606 pages, up from 74,528 at the end of the Clinton Administration. Thank goodness the Bush Administration is "philosophically...

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1. Entrepreneurial Profit and Loss

Online Text Page from Man, Economy, and State, with Power and Market

HAVING DEVELOPED IN THE PREVIOUS chapters our basic analysis of the market economy, we now proceed to discuss more dynamic and specific applications, as well as the consequences of intervention in the market.

2. The Effect of Net Investment

Online Text Page from Man, Economy, and State, with Power and Market

Having considered the ERE and its relation to specific entrepreneurial profit and loss, let us now turn to the problem: When will there be aggregate profits or losses in the economy? This is connected with the question: What is the effect of a change in the level of aggregate saving or investment in the economy?

9. The Examination of Praxeological Theorems

Online Text Page from The Ultimate Foundation of Economic Science, Ch. Chapter 4: Certainty and Uncertainty

The epistemologist who starts his lucubrations from the analysis of the methods of the natural sciences and whom blinders prevent from perceiving anything beyond this field tells us merely that the natural sciences are the natural sciences and that what is not natural science is not natural science. About the sciences of human action he does not know anything, and therefore all that he utters about them is of no consequence.

30. The Symptomatic Keynes

Online Text Page from Economic Freedom and Interventionism, Ch. III. Mises As Critic

As is customary with biographies, Professor R. F. Harrod's The Life of John Maynard Keynes (Harcourt, Brace, 195 1) provides an abundance of information about insignificant happenings and uninteresting people who crossed the path of his subject. The whole of page 171, for instance, is devoted to the description of a lady who happened to be the niece of an authentic duke. We are told how she dressed, how and where she lived, what her eccentricities were and many other things.

5. On the Rejection of Methodological Individualism

Online Text Page from The Ultimate Foundation of Economic Science, Ch. Chapter 5: On Some Popular Errors Concerning the Scope and Method of Economics

No sensible proposition concerning human action can be asserted without reference to what the acting individuals are aiming at and what they consider as success or failure, as profit or loss. If we study the actions of the individuals, we learn everything that can be learned about acting, as there are, as far as we can see, in the universe no other entities or beings that, dissatisfied with the state of affairs that would prevail in the absence of their interference, are intent upon improving conditions by action.

3. Liberalism and Social Liberalism

Online Text Page from A Critique of Interventionism, Ch. Social Liberalism

Names are unimportant; what matters is substance. The term “social liberalism” sounds strange indeed as socialism and liberalism are mutually exclusive. But we are accus­tomed to such terminology. Also, socialism and democracy are irreconcilable in the final analysis, and yet there is the old concept of “Social Democracy,” which is a contradictio in adjecto.

6. The Doctrine of Intervention

Online Text Page from A Critique of Interventionism, Ch. Interventionism

To prescientific thinkers, a human society built on private property in the means of production seemed to be naturally chaotic. It received its order, so they thought, only from im­posed precepts of morality and law. Society can exist only if buyer and seller observe justice and fairness. Government must intervene in order to avoid the evil that flows from an arbitrary deviation from the “just price.” This opinion pre­vailed in all remarks on social life until the eighteenth century.

4. The Economy's War Costs and the Inflation

Online Text Page from Nation, State, and Economy, Ch. War and the Economy

The losses that the national economy suffers from war, apart from the disadvantages that exclusion from world trade entails, consist of the destruction of goods by military actions, of the consumption of war material of all kinds, and of the loss of productive labor that the persons drawn into military service would have rendered in their civilian activities.

2. The Treatment of "Irrationality" in the Social Sciences

Online Text Page from Money, Method, and the Market Process, Ch. Method


One of the manifestations of the present-day “revolt against reason” is the tendency to find fault with the social sciences for being purely rational. Life and reality, say the critics, are irrational; it is quite wrong to deal with them as if they were rational and open to interpretation by reasoning.

A Lunch Break in an Alternate Universe

Mises DailyMay 9, 2015
What if the government ran hair salons and the private sector provided auto registrations? Needless to say, getting a haircut would be a harrowing and soul-crushing experience. Meanwhile, registering your automobile would be another matter entirely.

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Mark Thornton

Mark Thornton


Mark Thornton is Senior Fellow at the Mises Institute. He serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. His publications include The Economics of Prohibition (1991),...

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Mark Thornton: The Skyscraper Curse

This weekend, we feature our own Senior Fellow Mark Thornton in an appearance on Paul Molloy’s "Freedom...

Prohibition Economics

Mark Thornton discusses the future of marijuana economics.

Mises Daily Weekend: A Lunch Break in an Alternate Universe

BlogMay 9, 2015

Mises Daily Weekend by Jonathan Newman: 

What if the government ran hair salons and the private sector provided auto...

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J. Kevin Meaders


J. Kevin Meaders, J.D., CFP®, ChFC, CLU, CEO, is a founder and managing partner of Magellan Planning Group and a Registered Principal with ING Financial Partners.

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Charting the Course to $7 Gas

The Fed will continue to buy Treasuries to fund our deficit with money that is created out of nothing.

Mises University 2011

Virtual Mises University 2015


July 19, 2015 to July 25, 2015Online

For almost thirty years, Mises Institute scholars have presented Mises University, a world-class, week-long, intensive mini-university in Austrian economics. Virtual Mises University is for students, professionals, business people,...

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80th Birthday Party for Ron Paul


August 15, 2015Lake Jackson, Texas

Students: see scholarship application process below. The Mises Institute is holding an 80th birthday party for the great leader of liberty. Be there to cheer and salute him. We'll meet at the Dow Academic Center of Brazosport College...

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Adam Summers

Adam B. Summers


Adam B. Summers is an editorial writer and columnist at the Orange County Register. He holds an M.A. in economics from George Mason University and a B.A. with a double-major in...

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The Myth of Energy Deregulation

Politicians and regulators forced a sham of a "deregulation" scheme upon the energy industry in California, writes...

Your Home is Your Cottage

"Anti-mansionization" ordinances, writes Adam Summers, hit at a fundamental right that Americans have long taken for...

Patrick Byrne and the Blockchain

BlogJune 19, 2015

At the Austrian Economics Research Conference this year, Patrick Byrne, CEO of, discussed the many ways that the blockchain may be used in the future to facilitate exchange. Summarized in the most simplistic way possible: the blockchain, Byrne says, allows parties to exchange...

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