Mises Wire

Austrian Economics and the Capital Asset Pricing Model: A Reconcilation?

Financial MarketsCapital and Interest Theory

Blog08/02/2022

Academic finance makes a lot of use of the capital asset pricing model (CAPM), but is it compatible with Austrian economics? Indeed, Austrians do have something to say, thanks to Mises and Rothbard and Austrian capital theory.

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A Robinson Crusoe-Based Sociology of Law

LawProperty RightsPhilosophy and Methodology

Blog08/02/2022

How can people deal with conflicts in a peaceful and mutually agreeable way? Mises, Hoppe, and Robinson Crusoe himself point the way.

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A Political Victory for the Joes Is a Loss for the Country

Big GovernmentBureaucracy and RegulationCronyism and CorporatismInflationPrice Controls

Blog08/01/2022

Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories" for the political elites.

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Austrians vs. Neoclassicists on Monopolies

Big GovernmentFree MarketsMonopoly and Competition

Blog07/28/2022

Neoclassical economists have a rigid view of monopoly producers. Austrians recognize that the only monopolies that create problems have been nurtured by government intervention.

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Argentina's Difficult Political Landscape and Libertarian Prospects for Change

Bureaucracy and RegulationDemocracyEconomic FreedomSocialism

Blog07/13/2022

Once wealthy Argentina has suffered under one interventionist regime after another for nearly a century. What are the prospects for changing things for the better?

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Africa's Entrepreneurs: The Igbos of Nigeria

The EntrepreneurWorld History

Blog07/07/2022

Groups targeted by class warriors in America will achieve more if they follow the Igbos’ path and ignore the politics of grievance.

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A Tale of Two Legal Systems: Common Law and Statutory Law

Law

Blog07/01/2022

Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.

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A Triple-Barreled Gun Is Destroying African Economies: Inflation, Government Debt, and Taxes

Bureaucracy and RegulationInflationPovertySocialismTaxes and Spending

Blog06/17/2022

African economies aren't being strangled by capitalism but by statism, which has imposed inflation, debt, and high taxes.

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