Free Markets

The recently edited Festschrift in honor of Pascal Salin is a highly varied and disparate collection of contributions by colleagues, admir

Immigration. The very use of the word is telling: since every immigrant is also an emigrant, why is the first term more frequently used?

Muetze Hellmer is a former student of mine at Loyola University New Orleans.

When I first received Milton Friedman’s letter in response to my article “Hayek’s Road to Serfdom” I did not realize it would lead to more.

The classic definition of the State involves two elements: a coercive monopolization of defense services over a given geographic area, and the impo

Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2014.

Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2014.

Left alone, the market always allocates resources to the highest bidder i.e., to their most highly valued uses and through this process of investment and reinvestment, capital is accumulated and the marginal productivity of labor increases. Thus when the market remains free, wages and living standards are seen to continually increase as well.

Recorded at the Mises Institute in Auburn, Alabama, on 21 July 2014.

In this interview, Peter Klein and Nicolai Foss discuss new ways to study entrepreneurship.