Mises Wire

The Problem with Prescriptive "Rationality" in Economics

Calculation and KnowledgeOther Schools of Thought

Blog10/18/2018

Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior?

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The Market Isn't a Schoolmarm: The Austrian School versus Chicago

Other Schools of ThoughtValue and Exchange

Blog10/12/2018

Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.

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The Phillips Curve Myth

Blog10/09/2018

The Phillips curve cannot be a basis for a sound theory of what sets in motion price inflation.

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The Damage Done by the Kavanaugh Hearings

Blog10/06/2018

No one is discussing Kavanaugh's awful record on the Bill of Rights. Meanwhile, the media is sending a terrible message to women.

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The Incentives of the Minimum Wage

Labor and WagesLegal System

Blog07/28/2018

We should stop asking if workers deserve a “living wage” and start asking if the minimum wage actually helps workers obtain one.

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The Rothbard Deniers Are Wrong

Austrian Economics OverviewHistory of the Austrian School of Economics

Blog06/22/2018

In some Austrian circles, it's popular to downplay Murray Rothbard's significance to the Misesian tradition. History isn't on their side. 

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The Role of Shadow Banking in the Business Cycle

Money and BanksMonetary TheoryMoney and Banking

Blog06/01/2018

The history of shadow banking development confirms Mises’s thesis that each government intervention leads to unintended consequences.

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The Keynesian Multiplier Is an Illusion

Money and BanksMoney and Banking

Blog04/27/2018

Keynes's writings remain as influential today as they were 80 years ago. Isn't it time for a re-evaluation?

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