Free Markets

Summary by Luis Rivera III:

We’re often told that international trade thrives on debt.

As part of a follow-up to my article on cannabis industry and its many rel

Former Mises Summer Fellow Jonathan Newman has published “

This lecture by Bob Murphy was presented at the 2012 Mises University in Auburn, Alabama. 

In spite of its failure in the short term, the Scottish campaign exposed elite dread of decentralization while establishing a precedent that regions can decide for themselves to secede even without a nation-wide vote. The campaign also illustrates anew ongoing trends in the decline of the nation-state.

In this interview, Mark Thornton discusses his debate on the drug war at Oxford University and provides a view on how drug prohibition is viewed internationally.

The work of economist Anders Chydenius, which predates Smith’s The Wealth of Nations, provided a radically free-market voice for Scandinavia in the 18th century as Chydenius battled against mercantilists and those who thought government well-suited to plan economies with laws and edicts.

The television show American Pickers shows many economic concepts in action, such as comparative advantage and specialization and trade, and it also illustrates numerous Austrian insights such as subjective value and the role of the entrepreneur.