Mises Wire

Are Structural Fluctuations Natural or Policy-Induced? Analyzing Mises's and Schumpeter's Contributions to Business Cycle Theory

Business Cycles

10/29/2019Quarterly Journal of Austrian Economics
A closer look at differences between Mises's and Schumpeter's economic theories suggests that their fundamental divergences have their origin in methodological and epistemological questions.
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A Flawed History of Doom

Booms and Busts

Blog09/30/2019

Richard Vague's new book on financial crises repeats many old myths about economic booms, while failing to understand the role of malinvestment and central banks.

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A More Sane Alternative to Government Prisons

Legal System

Blog09/06/2019

A truly effective criminal justice system would be built on restitution, not imprisonment and punishment. Moreover, government-funded prisons have no incentive to rehabilitate prisons since they receive funding regardless of outcomes.

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A Bookmaker With the Mind of Mencken

Book Reviews

Blog07/19/2019

After quoting H.L. Mencken’s famous quip, “Nobody ever went broke underestimating the intelligence of the American people,” Andrews wonders, “I don’t know if old H.L. was a bookmaker, but he would have been a great one if he had been.”

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Alabama Expands Law Allowing Private Police Forces — And the Opposition Goes Nuts

Legal System

Blog06/29/2019

If one is concerned about Briarwood’s new private police force, one also ought to be hysterical over pretty much any police force in the United States. But the state seems to get a pass in areas where non-state entities are treated with suspicion.

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A Government-Imposed Minimum Wage for Pro Hockey Players?

Bureaucracy and RegulationLabor and Wages

Blog12/05/2018

Minor-league hockey players know what they're getting into when they sign their contracts. But now they want the government to overturn their contracts and force a pay raise.

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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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America Picks a Fight With its Largest Foreign Creditor

Money and BanksMoney and Banking

Blog04/17/2018

Pursuing a trade war with your largest creditor, whose also on the edge of insolvency, is a recipe for financial meltdown.

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