Mises Wire

Economic Growth Does Not Cause Price Inflation

Blog10/07/2019

It is not true that a growing economy will lead to price inflation. A growing economy is an increasingly productive economy and leads to dollars chasing a larger number of goods and services — causing deflation.

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Economics: Vocation or Profession?

EducationPhilosophy and Methodology

07/16/2019Mises Daily Articles
The vocational economist is dedicated to a body of ideas — not merely money, fame, or power — and strives to master the system of economic theory as handed down by the great system builders and innovators of the past.
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Economic Models vs. The Real World

Money and BanksMoney and BankingPhilosophy and Methodology

Blog05/04/2019

Economic theory must have only one purpose — to explain economic activity. However, statistical methods are of no help in this regard.

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Economics as a Vocation

Education

11/07/2018The Free Market
As Mises put it "The development of a profession of economists is an offshoot of interventionism."
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Easy Money, Easy Morals

Booms and BustsMoney and BanksMoney and Banking

10/30/2018Audio/Video
In this 33-minute talk Joseph Salerno discusses the right way to define inflation, and how it impacts both economic prosperity and culture.
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Economic Growth Isn't the Cause of Inflation

The FedMoney and Banking

Blog06/30/2018

A fall in prices is the manifestation of real wealth expansion. General price inflation, on the other hand, results from monetary pumping. 

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Economists Are the New Astrologers

Calculation and Knowledge

Blog08/28/2017
Modern mathematical models in economics are about as useful as star mapping for predicting the future.
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Employment Is Not the Key to Economic Growth

Labor and WagesBusiness Cycles

Blog08/11/2017
Fixing unemployment without addressing the issue of real savings cannot increase the pace of economic growth.
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