Mises Wire

How Do We Calculate Value?

Calculation and KnowledgeValue and Exchange

01/14/2020Articles of Interest
Judgments of value do not measure: they arrange, they grade. If he relies only on subjective valuation, even isolated man cannot arrive at an economic decision based on more or less exact computations in cases where the solution is not immediately evident. To aid his calculations he must assume...
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How Rent Seeking Impoverishes Nations

Corporate WelfareCronyism and CorporatismProtectionism and Free TradeTaxes and Spending

Blog01/08/2020

So long as governments exist, it is essential that we minimize the ability of groups and individuals to use the power of the state to enrich themselves.

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How the US Wages War to Prop up the Dollar

01/08/2020Power & Market

After decades of Cold War spending, the US had to find a way to keep its massive war budgets and domestic spending going without ruining the dollar. Controlling the flow of dollars spent on oil turned out to be a fix.

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Henry Ford Did More for Workers than Unions Did

Labor and Wages

Blog01/06/2020

Henry Ford's factories had a hard time keeping workers because the work was monotonous. So Ford helped keep workers around through reduced hours, vacation time, and other benefits that are now considered typical.

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Hunter-Gatherers Ravaged the Environment. Industrialization Saved It.

The EnvironmentMedia and CultureWorld History

Blog01/01/2020

Hunter-gatherer societies stripped the local environment of resources and then moved on to another place. There was nothing environmentally responsible about this sort of economy, in spite of modern efforts to portray prehistoric humans as tree huggers.

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Hazlitt and Keynes: Opposite Callings

Free MarketsOther Schools of Thought

12/30/2019Mises Daily Articles
Keynes and Hazlitt: their lives and loyalties are a study in contrast — and mostly of choices born of internal conviction, in Hazlitt's case, or lack thereof, in Keynes's case.
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How to Write and Understand History

Philosophy and Methodology

Blog12/28/2019

Economic history is possible only because there is an economic theory capable of throwing light upon economic actions. If there were no economic theory, reports concerning economic facts would be nothing more than a collection of unconnected data open to any arbitrary interpretation.

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Healthcare and "Market Failure"

Bureaucracy and RegulationHealth

Blog12/26/2019

Proponents of socialized medicine assert that markets cannot be trusted with healthcare due to "market failure." But the assumed "failures" of health markets are not improved by socializing healthcare.

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