Mises Wire

More Populism Might Have Produced a Better Fed Chair

Money and BanksMoney and BankingPolitical Theory

Blog11/06/2017
Trump's selection of Jerome Powell highlights a flaw in Hayek's strategy to change public policy through "second hand dealers of ideas."
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Mainstream Economists Don’t Even Get Their Dimensions Right

Capital and Interest Theory

Blog11/03/2017
Economists often discuss capital and interest, assuming that “interest equals the marginal product of capital” when in fact that is simply wrong.
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Mexico's Disastrous War on Drugs

War and Foreign PolicyWorld History

Blog11/01/2017

Ordinary street gangs could never ascend to the levels of criminality made possible by the US-sponsored drug war in Mexico.

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Mises as Social Rationalist Pt III: Economic Calculation, Market, and Society

Calculation and KnowledgeHistory of the Austrian School of EconomicsPhilosophy and MethodologyPraxeology

Blog10/27/2017
The market and its configuration at any moment in time is to be explained by the human values and choices which give rise to these exchanges.
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Mises as Social Rationalist Pt II: The Rationalistic Basis of Rules of Conduct and Social Institutions

Calculation and KnowledgeHistory of the Austrian School of EconomicsPhilosophy and MethodologyPraxeology

Blog10/26/2017
The very concept of an isolated human being is a fiction, a useful mental construct for social theory, but impossible of realization in history.
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