Mises Wire

A Conversation with Lipton Matthews

CapitalismMedia and CultureWorld History

"While many academics in the developing world view economics as a zero-sum game, I never entertained the argument that wealth is necessarily due to exploitation."

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A Brief History of Nonwhite Slave Owners in America

U.S. HistoryWorld History

Blog11/09/2020

Romanticizing the history of nonwhites to portray them as saints is dehumanizing.

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Arrow’s Impossibility Theorem Exposes a Big Problem with Democracy

Blog11/02/2020

Kenneth Arrow showed in 1951 that the entire project of social choice theory rested on quicksand.

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A Critique of the Labor Theory of Value

Prices

Blog10/10/2020

In contrast to the classical cost (labor) theory of value, the so-called marginal revolution ushered in the modern, subjective theory, whereby market price is determined by the marginal utility of a good.

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Abenomics: Big Debts with Nothing to Show for It

Financial MarketsMonetary PolicyWorld History

Blog09/24/2020

Japan's government is now addicted to easy money Abenomics. With Abe now gone, the next leader might tinker around with altered approaches, but it will be more of the same.

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As Kenosha and Minneapolis Burn, Millions of Americans Buy Guns

Big GovernmentThe Police State

Blog09/01/2020

The foundational assumption behind the gun control narrative is that only government law enforcement agencies should have guns and that we should trust police to keep us "safe." That narrative is failing.

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America's Private Militias of the Nineteenth Century

Blog08/31/2020

In the nineteenth century, countless American cities and towns sanctioned local, self-funded, self-governing private militias that became an everyday part of the social fabric.

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A Brief History of the Gold Standard, with a Focus on the United States

Global EconomyU.S. HistoryGold Standard

Blog08/14/2020

Arguments over the gold standard are not merely technical disagreements. Rather, the gold standard often serves as a proxy for “sound money,” which was a central element in the classical liberal tradition of limiting government’s ability to wreak havoc on society.

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