Free Markets

The economic theory of interpersonal free exchange is beautifully simple.

In this article, Nortbert Lennartz reviews Michael van Notten’s The Law of the Somalis: A Stable Foundation for Economic Development in t

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

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

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

The fact that opponents of private property rights have managed to frame the debate over health-care mandates as some sort of religious issue is on

War is the health of the state, and thanks to a population enamored of military institutions, states are able to tax and spend with ease.