Mises Wire

Austrian Economics and the Transaction Cost Approach to the Firm

Calculation and KnowledgeEntrepreneurshipProduction Theory

10/26/2018Libertarian Papers
Why are there many firms in the world, and not just one, big mega-corporation? The answer lies in the problem of calculating costs and prices.
Formats

lp-1-39_2.pdf

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Kirk Kerkorian: Misesian Entrepreneur

The EntrepreneurEntrepreneurship

Blog10/26/2018

Kerkorian was an eighth-grade dropout who would go on to earn billions, and epitomized Mises's idea of the entrepreneur.

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City Governments Don't Care About Housing Affordability

Blog10/23/2018

If politicians cared about affordable housing, they'd be doing all they could to repeal regulations and encourage more construction.

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Old Wine in Old Bottles? A Nobel for Clever Packaging?

World HistoryOther Schools of ThoughtPhilosophy and Methodology

Blog10/17/2018

The Nobel committee this year showed that it has embraced clever economic modeling as a replacement for scientific progress.

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Tall Buildings, Mighty Crashes

Booms and Busts

Blog10/13/2018

Skyscrapers that set world records for height don’t cause economic panics, but are, instead, a warning a boom has reached its peak.

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Government Police Fail to Make Arrests In Nearly Half of Murder Cases

Bureaucracy and Regulation

Blog10/11/2018

Many urban police departments fail to make arrests in even half of the murder cases in their jurisdictions. Imagine if a private sector policing firm had a similar rate of failure.

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Bernie Sanders Might Learn Something from Venezuela's Minimum Wage Experiment

Bureaucracy and RegulationMoney and BanksMoney and Banking

Blog09/24/2018

Rothbard: "if proponents of the higher minimum wage were simply wrongheaded people of good will, they would not stop at $3 or $4 an hour, but indeed would pursue their dimwit logic into the stratosphere."

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Socialism and 'Social' Justice

Philosophy and MethodologyPolitical Theory

09/19/2018The Journal of Libertarian Studies
Hayek was forced to conclude that the term "social justice" was "entirely empty and meaningless” and is generally used to assert a claim without giving a reason for it.
Formats

11_2_2_0.pdf

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