Mises Wire

Equilibrium, Profit and Loss, and Entrepreneurship

The EntrepreneurEntrepreneurship

01/22/2018Books
Mises stated that general equilibrium is purely a methodological device with no counterpart in the real world. It only defines profit and loss.
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Economics Is Like Birdwatching — You Have to Know What to Look For

Bureaucracy and RegulationCalculation and KnowledgePhilosophy and Methodology

Blog01/20/2018
Using economics is akin to birdwat­ching, except for the fact that few untrained birdwatch­ers presume they have enough expertise to “educate” others.
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Economic Value and the Post Office

12/31/2017Power & Market
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Expand Tax Breaks to Expand Education

Taxes and Spending

Blog12/20/2017
Cutting taxes on investment income can be key in helping taxpayers afford a better education.
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Entrepreneurship: Kirzner vs. Mises

EntrepreneurshipHistory of the Austrian School of EconomicsPhilosophy and Methodology

Blog12/12/2017
Mises conceives of the entrepreneur as the uncertainty-bearer. For Kirzner, entrepreneurship becomes reduced to the quality of alertness.
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Eliminating the State and Local Tax Deduction Is a Terrible Idea

Decentralization and SecessionTaxes and Spending

Blog11/29/2017
The federal tax burden is huge compared to state and local taxes. Even in California.
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Europe's Secession Problems Aren't Going Away

Blog10/19/2017
As time goes on, it's going to be harder and harder for nation-states to defend the current configuration of their national borders.
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Everyone Has Property Rights, Whether They Know it or Not

U.S. HistoryWar and Foreign Policy

Blog10/11/2017
Even if the Native Americans didn't understand property rights at all, that still wouldn't justify stealing their land, and killing them.
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