Mises Wire

Austrian-Style Entrepreneurship Explains Much of China’s Growth.

The EntrepreneurEntrepreneurship

Blog9 hours ago

For centuries, entrepreneurial talents in China were diverted to military wars, political struggles, and government services. But now things are changing.

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Are Expectations the Driving Force Behind Business Cycles?

Booms and BustsBusiness Cycles

Blog07/22/2019

Even if business people learn to expect easy-money caused bubbles and busts - this would still not prevent the formation of a boom-bust cycle. 

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A Bookmaker With the Mind of Mencken

Book Reviews

Blog07/19/2019

After quoting H.L. Mencken’s famous quip, “Nobody ever went broke underestimating the intelligence of the American people,” Andrews wonders, “I don’t know if old H.L. was a bookmaker, but he would have been a great one if he had been.”

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Agriculture Is Only a Tiny Part of America's Economy — And That's a Good Thing

Protectionism and Free Trade

Blog07/17/2019

Since 1900, the number of American farms in operation has fallen 63 percent. Meanwhile, the American standard of living is far beyond what the farmers of yesteryear could have imagined.

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Are India and China Booming as Much as They Claim?

Global Economy

Blog07/16/2019

The differences between government stats and reality are a problem, especially since these estimates are used to make policy.

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Austrian Business Cycle Theory, Explained

Booms and BustsAustrian Economics OverviewBusiness Cycles

Blog07/09/2019

The “boom-bust” cycle is generated by monetary intervention in the market, specifically bank credit expansion to business. 

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