Mises Wire

The Case for Free-Market Liberalism in Africa

Global EconomyWorld History

Blog11/13/2019

The African continent is exceedingly rich in natural resources, yet the living standard of Africans is very low. The most plausible explanation for this discrepancy is the lack of a system that protects private property.

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The FDA Wants to Control Your Stem Cells

Blog11/12/2019

Our right to privacy is premised upon the idea of personal autonomy and extends to the right to bodily integrity. This includes our stem cells.

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The Decline of the Rule of Law

Legal SystemInterventionismOther Schools of ThoughtPolitical Theory

11/11/2019Mises Daily Articles
The attack on the principles of the Rule of Law was part of the general movement away from liberalism which began about 1870. It came almost entirely from the intellectual leaders of the socialist movement.
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The Austrian Theory of Efficiency and the Role of Government

11/09/2019The Journal of Libertarian Studies
If one starts with a different view of efficiency and market optimality than the accepted notion of perfect competition then an entirely different set of conclusions relative to government intervention can be reached.
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The Cost of Government Is Rising Much Faster than Housing and Healthcare

Taxes and Spending

Blog11/09/2019

The American cost of living is driven up not only by housing and healthcare costs, but by even larger increases in tax bills and government spending.

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The Berlin Wall Reminds Us of What Happens After We "Smash Capitalism"

World History

Blog11/08/2019

It's not necessary to completely destroy capitalism to impoverish us irrevocably. The further a regime moves in the direction of the "egalitarian" states of the old communist world, the worse the impoverishment will be.

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The Problem of Poverty

World History

Blog11/07/2019

The history of poverty is almost the history of mankind. The ancient writers have left us few specific accounts of it because they took it for granted. It was the normal lot.

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The Economics Behind the Fall of the Berlin Wall

World HistoryCalculation and KnowledgePrices

11/07/2019Mises Daily Articles
Much of the media discussion around the 30th anniversary of the Berlin Wall's fall will focus on American military politics and the politicians of the time. But to truly understand why the Soviet system in Eastern Europe collapsed, we must look to Mises's pioneering work on economic planning.
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