Mises Wire

Ludwig von Mises’s Human Action: Marking 70 Years of Continuing Relevance

Book ReviewsHistory of the Austrian School of Economics

Blog09/04/2019

The social, political, and economic conditions of our world today give Ludwig von Mises’s treatise a refreshing relevance matched by few other works written over the last century.

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Socialists vs. Civil Society

Socialism

Blog05/24/2019

Socialist regimes have long gone to great lengths to replace all the independent institutions of civil society with the omnipotence of the state in all things.

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CJay Engel on the Entrepreneurial Life

The EntrepreneurEntrepreneurship

05/21/2019Audio/Video
Doing something entrepreneurial, utilizing your own resources, benefits others and is heroic.
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Can a Commodity-Money Economy Co-Exist with a Fiat-Money Economy?

Just as unilateral free trade results in a more solid economy for the countries that adopt it — even within an international economy of protectionism in other countries — so would a commodity-money based economy surrounded by fiat-money economies.

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Why Bother Studying Economic Theory?

Blog04/16/2019

Liberty can be lost and so can the benefits of capital accumulation. The well developed capital structure is not a given. It can be eroded by central banks and by government policies and regulations.

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Discussing MMT Through the Eyes of a Socialist

BiographiesFree MarketsHealthOther Schools of Thought

04/08/2019Audio/Video
Bob Murphy and C. Jay Engel discuss Doug Henwood’s recent critique of modern monetary theory in Jacobin magazine.
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Even Socialists Know that Economic Planning Requires Market Prices

SocialismCalculation and KnowledgePhilosophy and Methodology

Blog04/03/2019

Hard-left "democratic socialists" think they figured out how to make government planning possible: use prices. But there's a problem in their argument: prices are impossible without markets.

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