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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A Vital Book for Our Time

Book ReviewsMoney and Banks

We face a blowback “fueled by years of US imperialistic and lawless behavior around the world, and finally triggered by a critical mass of resentment of the US."

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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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American Voters: Don't Look to Europe as a Model

Bureaucracy and RegulationEconomic FreedomTaxes and Spending

Blog10/31/2020

As we face a second wave of coronavirus outbreak in Europe, we know that the March measures and aggressive lockdowns were a grave mistake.

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Another Pointless Antitrust Campaign by Federal Regulators

Interventionism

Blog10/30/2020

The feds claim the chicken industry is trying to exploit the consumer. Yet several decades ago, chicken was more expensive than beef, but thanks to industry efforts, chicken is exceptionally affordable now.

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A New Hoppe Book

Blog10/23/2020

Hoppe’s work is more important today than ever, given the penchant of modern bureaucratic states to war, intervene, tax, regulate, debase, and generally plunder the engines of peace and civilization.

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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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