Global Economy

The oft-heard tale about the sad plight of labor as versus capital is almost entirely false, writes Thomas Woods, author of a new book on American history.

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

New studies and articles purport to solve the problem of poverty in America, writes George Reisman, but through the same old failed methods. 

Historians are fond of saying that the Progressive Era ended at the end of World War I, writes William Anderson. 

If socialists of old resented Pravda for giving them a bad name, writes Lew Rockwell, free enterprisers ought to feel the same about the Wall Street Journal's editorial page.

It was capitalism that finally ended the Great Depression, writes Tom DiLorenzo, not FDR's hair-brained cartel, wage-increasing, unionizing, and welfare state expanding policies. 

A basic understanding of the elementary economics of unionism, writes Tom DiLorezno, shows why violence against competitors has always been an inherent feature of unionism.

Everything we have heard from conventional wisdom regarding the minimum wage is false, writes Shawn Ritenour.

The "superior bargaining power" argument has always been the most important argument on behalf of unionism and of all the legislative privileges that unions enjoy. Thomas DiLorenzo points to Mises's demolition of the idea.

Gilligan's Island economics can provide useful thought experiments, writes B.K. Marcus, for the same reasons Robinson Crusoe economics has served as a staple of classical and Austrian School economics texts.