Mises Wire

How Unions Reduce Real Wages

Labor and WagesMonopoly and Competition

Blog12/17/2019

The actual policies that labor unions have systematically followed from the beginning of their existence have in fact reduced the real wages of the workers as a whole below what they would otherwise have been.

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How Austrian Economics Helps Entrepreneurs Understand The Mind Of The Customer

11/14/2019Power & Market

Value lies largely in the mind of the consumer, and the task of the entrepreneur is to try to understand consumers’ feelings and preferences and to provide a product or service in line with what the consumer wants.

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How to Destroy a Civilization

World History

Blog06/24/2019

Modern Monetary Theory is the new thing among progressives. But it's been tried by many others, including the Roman dictators who ruined the Roman economy and had Rome falling apart before the barbarian invasions.

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How to Assemble a Winning Combination of Resources — Steven Phelan

The EntrepreneurEntrepreneurship

06/20/2019Audio/Video
Hunter Hastings and Professor Steven Phelan discuss using resource-based strategic thinking to create marketplace advantage.
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How the Saudis Took Donald Trump for a Ride

Donald Trump's crusade against Iran is being helped along by his love affair with the Saudi Regime — and its army of lobbyists.

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How to Use Methodological Individualism

From the ArchivesAustrian Economics OverviewPhilosophy and Methodology

Blog04/05/2018

Methodological individualism is a precious tool for historical analysis. But it is not a foundation of economic theory.

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