Mises Wire

The Place of Economic Calculation in the Economic Theory of Ludwig von Mises

SocialismCalculation and KnowledgeSubjectivism

03/20/2019Quarterly Journal of Austrian Economics
The marginalist revolution posed a fundamental problem for economic theory. Mises’s approach not only solved the problem of economizing resources in a division of labor, but provides a robust framework for economic research.
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Mises’s Contribution: International Cantillon Effects

Protectionism and Free Trade

The effects of inflationary currency are not limited by government borders.

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The Lost Fifth Volume of Conceived in Liberty

03/20/2019Mises Wire
Murray Rothbard was a genius. One aspect of this was his writing as an American historian. He was every bit as significant a scholar here as he was as an economist and philosopher.
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Peter Klein Discusses Christina Romer, Bill Clinton, Israel Kirzner, and Entrepreneurship

BiographiesEntrepreneurship

03/20/2019Audio/Video
Bob Murphy and Peter Klein discuss Peter's unusual career path and his work on entrepreneurship.
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What a "Hard Brexit" Could Mean for the UK

Media and CultureMoney and Banking

Blog03/20/2019

London is a major global hub, and a hard Brexit wouldn't change that. But one of the best possible outcomes of Brexit could be a move toward real free trade beyond the faux "free trade" of the EU bloc.

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The Trouble With Socialist Anarchism

03/19/2019Mises Daily Articles
Murray Rothbard was an advocate of the stateless society, but he was never accepted by the anarchist movement and is still considered more a "capitalist lackey" than anarchist thinker.
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The Problem with Modern Monetary Theory

Money and BanksMoney and Banking

Blog03/19/2019

MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations.

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