Mises Wire

Sixtieth Anniversary of Hazlitt's The Failure of the 'New Economics'

Austrian Economics OverviewOther Schools of Thought

Blog07/27/2019

Henry Hazlitt's The Failure of the "New Economics" published in 1959, is still the best refutation of Keynesian economics to be found anywhere — sixty years later.

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Social Pressure vs. Consumer Preferences

SubjectivismValue and Exchange

Blog07/08/2019

Anti-capitalists love to claim that consumers don't really have free choice — that advertisers and peers really dictate to others what they should buy. In truth, consumers choose freely, but use others to filter information and simplify the process.

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Socialism: A Man-Made Malthusian Trap

PovertySocialism

Blog07/06/2019

Industrialization and capitalism finally freed us from the starvation and deprivation of endless centuries of subsistence living. Now socialists in Venezuela have managed to reverse centuries of progress.

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Submission Guidelines for the Mises Wire

Blog06/18/2019

I've received a few questions recently about submission guidelines for the Mises Wire, so here are the guidelines.

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Socialists vs. Civil Society

Socialism

Blog05/24/2019

Socialist regimes have long gone to great lengths to replace all the independent institutions of civil society with the omnipotence of the state in all things.

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Single-Payer Healthcare Is the Worst Kind of Universal Healthcare

HealthTaxes and Spending

Blog05/17/2019

Compared to other types of universal healthcare systems, what we call "single-payer" healthcare is possibly the worst of all.

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Schumpeter vs. Kirzner on Entrepreneurs

The EntrepreneurEntrepreneurship

Blog05/16/2019

A comparison between the two theories of entrepreneurial action suggest that it may be time to drop the use of the words “equilibrium” and “disequilibrium” from economics.

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Social Security's Winners and Losers

Taxes and Spending

Blog05/14/2019

If Social Security was efficient, equitable, reliable and sustainable, defending the status quo might be sensible. But it is none of those things.

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