Mises Wire

Randomized Controlled Trials and Economic Questions

Blog12/27/2018

The Austrians have long argued that equilibrium models of economic phenomena cannot capture the causal, realistic aspect of human behavior. "All things are subject to the law of cause and effect," says Menger in the famous opening line of his Principles of Economics. Formal economic...

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Renew Your Membership and Receive a Copy of "Social Democracy"

Blog12/14/2018

This year, we’re giving away booklets of Hoppe’s essay “Social Democracy” to all our supporters who give $25 or more.

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Recent Brexit Trade Drama Shows that Europe Doesn't Really Want Free Trade

EU politicians seem far more concerned with political games than with trade liberalization.

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Rent Control and Minimum Wage Laws Harm Those Who Are Supposed to Benefit

Blog10/16/2018

Government policy often lumps together many people it shouldn't — assuming that everyone in the group labeled "poor" or "low-income" will all benefit equally. 

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Relative Prices Matter: Why Cost-of-Living Indexes Don't Tell Us Much

Value and Exchange

Blog09/26/2018

When people change cities, they are likely to change their consumption patterns — which means a simple cost-of-living index doesn't tell us what it should.

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Romanticizing Reagan

U.S. EconomyU.S. History

Blog09/25/2018

Reagan's rhetoric on freedom and free markets was excellent. The policies he supported as president weren't nearly as great.

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Ready for Some Good News?

Global Economy

Blog09/20/2018

We're clearly better off than our grandparents in many ways. But now we have to be sure not destroy the progress that's been made.

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