Mises Wire

Why Employers Can't Exploit the Workers, Even if They Try

Blog09/02/2019

In a competitive economy, employers are unable to pocket the surplus produced by workers. If the employers try to do this, they lose market share and their best workers.

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Will Robots Replace Human Workers? Let's Hope So.

Labor and Wages

Blog08/30/2019

New technologies, not the state, will be the key to making it ever easier to meet basic needs and diminish the perceived need for more government services.

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Why Big Business Prefers Lobbying Government to Competing in the Marketplace

Corporate Welfare

Blog08/29/2019

When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.

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Why Socialist Calculation Is Always Impossible

SocialismValue and Exchange

Blog08/28/2019

True economic value begins in the minds of individuals, and only individuals can predict, plan, and act in the marketplace.

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Why The Next ECB Stimulus Plan Will Also Fail

Global EconomyMoney and BanksMoney and Banking

Blog08/27/2019

The slowdown of the European economy is a disaster considering the enormous stimulus we are immersed in.

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Why They Keep Trying to Blame Capitalists for Slavery

U.S. History

Blog08/27/2019

The resurgent claim that the modern economy was built on slavery is yet another attempt to attack capitalism while also claiming "we are all to blame" for slavery. The slave owners of old tried a very similar tactic.

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What Adam Smith Missed in His Understanding of the Division of Labor

The EntrepreneurFree MarketsOther Schools of Thought

Blog08/26/2019

Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.

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