Mises Wire

How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

Austrian Economics OverviewOther Schools of ThoughtPhilosophy and MethodologyProduction Theory

Blog02/03/2024

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.

Read More

Serbia’s Two Traditions of Freedom

Economic FreedomSocialismWar and Foreign PolicyWorld History

Blog02/02/2024

We don't think of Serbia as a “free” country, but there were movements toward limited government in the past. Unfortunately, the events of the twentieth century overwhelmed the freedom movements there.

Read More

Does Socialism Protect Rights or Violate Them?

CapitalismDemocracyMedia and CultureSocialism

Blog02/02/2024

Continuing his examination of Scott Sehon's book on socialism, David Gordon asks if socialism violates people's rights. Gordon concludes that it does.

Read More

Argentina and the Watching World

Economic PolicyLibertarianismSocialismWorld History

For close to eighty years, Argentina has been the world's poster child for reckless and spendthrift government. Today, the world watches it for a very different reason: Rothbardian reforms.

Read More

Are Bankruptcies of Some US States in the Future?

Big GovernmentEconomic PolicyPoliticsTaxes and Spending

Blog02/01/2024

Federal spending is not the only out-of-control government spending in the US. A number of states have been overspending and now face declining revenues. Will bankruptcies follow?

Read More

Four Charts That Show Cantillon Effects

CantillonMonetary TheoryMoney SupplyPrices

Blog02/01/2024

Richard Cantillon, whom Austrians consider to be the real father of modern economics, noted that new money creation has uneven effects. Jonathan Newman demonstrates how those effects take place.

Read More

An Open Letter to Walter E. Block

Blog02/01/2024

Block’s call for total war and the indiscriminate slaughter of innocent civilians in Gaza is the complete and uninhibited rejection and renunciation of the nonaggression principle that constitutes one of the very cornerstones of the Rothbardian system.

Read More

Navigating the Complexity of Climate Change: A Closer Look at the Scientific Method and Its Challenges

Bureaucracy and RegulationEconomic PolicyMedia and CulturePolitics

Blog01/31/2024

Understanding the scientific method is crucial when examining complex phenomena and related hypotheses like “man is the main cause of climate change.” Unfortunately, "political method" has replaced the scientific method.

Read More