Mises Wire

Randomized Controlled Trials and Economic Questions

Blog12/27/2018

The Austrians have long argued that equilibrium models of economic phenomena cannot capture the causal, realistic aspect of human behavior. "All things are subject to the law of cause and effect," says Menger in the famous opening line of his Principles of Economics. Formal economic...

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Renew Your Membership and Receive a Copy of "Social Democracy"

Blog12/14/2018

This year, we’re giving away booklets of Hoppe’s essay “Social Democracy” to all our supporters who give $25 or more.

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Recent Brexit Trade Drama Shows that Europe Doesn't Really Want Free Trade

EU politicians seem far more concerned with political games than with trade liberalization.

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Ryan McMaken: Capitalism Makes Us More Humane

Free MarketsMedia and CultureStrategy

10/26/2018Audio/Video
Ryan McMaken explains how capitalism propagated the conditions under which we can afford to focus on the important things in life.
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Rent Control and Minimum Wage Laws Harm Those Who Are Supposed to Benefit

Blog10/16/2018

Government policy often lumps together many people it shouldn't — assuming that everyone in the group labeled "poor" or "low-income" will all benefit equally. 

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Relative Prices Matter: Why Cost-of-Living Indexes Don't Tell Us Much

Value and Exchange

Blog09/26/2018

When people change cities, they are likely to change their consumption patterns — which means a simple cost-of-living index doesn't tell us what it should.

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Review: How Economics Professors Can Stop Failing Us

Education

09/25/2018Quarterly Journal of Austrian Economics
Many economists “essentially have no justification, or defensible reason, for what they are doing” and resent being asked to provide one.
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