Mises Wire

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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Why Transaction Cost Analysis is Attractive, and Very Flawed

Other Schools of ThoughtPhilosophy and MethodologyPrices

Blog08/20/2019

Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.

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Why Mises Opposed a Global Government for Managing Trade

Global EconomyProtectionism and Free Trade

Blog08/12/2019

For Ludwig von Mises, international bureaucracies like the WTO devoted to enforcing "free trade" are not progress. They're simply another type of government planning.

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Why Modern Economics' Fixation with "Efficiency" Is Dangerous

EntrepreneurshipOther Schools of ThoughtPhilosophy and Methodology

Blog07/05/2019

Efficiency is backward-looking and static, while value creation is future-oriented and aspirational. 

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Why It's Important to Understand "Economic Costs"

Austrian Economics OverviewSubjectivismValue and Exchange

Blog06/20/2019

The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.

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What if Climate Warriors Put their Money Where Their Mouths Are?

The EnvironmentU.S. History

Blog04/12/2019

The emergence of "catastrophe bonds" in recent decades suggests an interesting way that Climate Warriors could alleviate the presumed costs of climate change — assuming climate activists are willing to spend any of their own money on the problem.

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Will Democrats Rally Behind a Herman Cain Fed Nomination?

It will be interesting to see how Trump critics handle Mr. Cain. He has the one quality Elizabeth Warren and other Democrats have chosen to focus on when it comes to a Federal Reserve nominee: he isn’t a white guy.

04/04/2019Power & Market
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