Mises Wire

What the New Nobel Winners Get Wrong about Economics

Philosophy and MethodologyPraxeology

Blog10/12/2021

The new Nobel winners apparently think we can discover economic laws by crunching numbers. That's not how it works.

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Polygamy Is a Problem for Economic Development

Blog10/12/2021

Research reveals that in sub-Saharan Africa children in polygamous families are 24.4 times more likely to die when compared with children in monogamous families. 

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We're Living in a Chaos Economy. Here's How to End It.

Blog10/12/2021

The chaos economy we're witnessing is not the fault of the market economy. Rather prices in some areas of the economy need to rise so high and so fast to harmonize supply and demand that entrepreneurs can hardly keep pace.

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The CIA Has Stultified American Consciences

War and Foreign Policy

Blog10/11/2021

Anyone with a conscience can easily see that assassinating Julian Assange would be just plain murder. Yet, the reaction to all this from the mainstream press has been one great big collective yawn.

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The US’s Fantastical Foreign Policy: Sowing the Seeds of Failure

War and Foreign Policy

Blog10/11/2021

After 9/11, the security establishment was giddy about embarking on a global democratic crusade against any nation that did not submit to the US’s liberal hegemonic order.

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Why Today's Abusers of the Scientific Method Are So Dangerous

Philosophy

Blog10/11/2021

It is, ironically, antiscience to ever declare that science is settled. Since man is not omniscient, the future will forever remain unknown, and more data can always falsify current scientific laws.

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The 2021 Nobel Prize and the Trend of Economic Thinking

BiographiesCapitalismProtectionism and Free TradeTaxes and SpendingInterventionismOther Schools of Thought

Blog10/11/2021

The 2021 Nobel Prize in Economics has been awarded to Berkeley's David Card, MIT's Josh Angrist, and Stanford's Guido Imbens for their work on "natural experiments," a currently fashionable approach to estimating the causal impact of one economic variable on another. 

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Money Supply Growth in August Slows Again, Returning to "Normal" Levels

Money Supply

Blog10/11/2021

During August 2021, year-over-year (YOY) growth in the money supply was at 8.2 percent. That's down from July's rate of 8.9 percent, and down from the August 2020 rate of 37.5 percent. 

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