Mises Wire

And Rightly So: The Wisdom of Neil McCaffrey

Book Reviews

Lew Rockwell reviews a newly released collection of Neil McCaffrey's letters and other writings, which reveal his relationships with members of the early libertarian movement such as Murray Rothbard.

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South Korea’s Neo-Mercantilist Growth Engine Has Stalled

Bureaucracy and RegulationCronyism and CorporatismLabor and WagesWorld History

Blog02/04/2020

After very quickly becoming an advanced economy, South Korea is experiencing declining growth and labor productivity. The culprit, as usual, is government intervention in the market to favor certain interests.

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Mises and Destructionism

Austrian Economics OverviewPolitical Theory

02/03/2020Audio/Video
Progress in economics is progress in civilization. Ludwig von Mises supported economic progress because he valued the benefits of a humane and prosperous civilization.
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Brexit: Predictions of Economic Doom Show Why People Ignore "Experts"

Bureaucracy and RegulationProtectionism and Free Trade

Blog02/03/2020

Experts who predicted economic doom as Brexit approached obsessed over the problem of "transaction costs" in trade. But the EU was imposing countless new transaction costs of its own.

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John Maynard Keynes and Ludwig von Mises on Probability

Calculation and KnowledgeOther Schools of Thought

02/03/2020The Journal of Libertarian Studies
I. INTRODUCTION The complex issues relating to the interpretation and meaning of different concepts of probability and to the legitimate scope of their useful application in the social sciences and in economics belong to the more controversial topics within the subfield of economic methodology...
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More on Joe Salerno's Critique of Economism

02/03/2020Power & Market

As C. Jay Engel explains, only the rigorously subjectivist perspective of the Austrian school offers a rational critique of economism.

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"Disabled" Cop Fleeces Taxpayers While Working Full-Time for FBI

HealthSocialism

Blog02/03/2020

Taxpayers are paying the disability pension of a "disabled" former cop who works full-time for the FBI and is classified as being in "excellent physical condition."

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How Keynesian Ideas Weaken Economic Fundamentals

Other Schools of ThoughtProduction TheoryValue and Exchange

Blog02/03/2020

There is productive consumption and there is non-productive consumption. In the Keynesian mind, it's not necessary to produce anything, so long as people spend and consume endlessly, even to the point of destroying real wealth.

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