Free Markets

Indeed, because a free market in space industries would be open to all competitors, we have every reason to expect technological innovation to be much quicker than in a monopolized space program.

Robert Murphy concedes that it is theoretically possible that an expanded global marketplace could make one country less wealthy on net. However, there are other considerations.

Most everyone assumes that capital exploits labor, writes Vlad Menshikov. But this point of view is completely wrong. 

Robert Murphy asks: what do various proposals to regulate trade all have in common? They are all attempts to prevent people from cooperating with each other.

Deepak Lal writes as a convinced advocate of American Empire. But in the course of the book, he undermines his own reasons for defending imperialism and offers a devastating criticism of democratic imperialism and of Woodrow Wilson’s Utopianism.

Many people have said that the collapse of the Soviet Union proved that Mises was correct. New research into the origins of writing, writes Gene Callahan, provides clues that allows us to formulate Mises's argument concerning calculation more precisely. 

Day in and day out, for hundreds of years, pawnbrokers have engaged in a perfectly legitimate business, write Glen Tenney.

It is the Mises Institute's great pleasure to introduce Carl Menger's 1871 book Principles of Economics to an online audience.

To be an Austrian has become oddly fashionable in recent days, observes Sean Corrigan, judging from the number of news reports thus describing commentators on economic and financial affairs. 

Should we prefer the "open society" or the free society? Is there a conflict between social cooperation and economic competition? There are the essential questions, writes George Reisman, that are driving debate about the future of economic liberty.