Mises Wire

Purchasing Power and the Exchange Rate

Money and BanksMoney and Banking

Blog10/18/2018

The key factor behind the rate-of-exchange determination is the relative purchasing power of various monies.

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The Problem with Prescriptive "Rationality" in Economics

Calculation and KnowledgeOther Schools of Thought

Blog10/18/2018

Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior?

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It's OK To Buy Your Pet a Halloween Costume (and Other Luxuries)

Blog10/17/2018

Money spent on "luxuries" goes to support ordinary people who use profits from luxury goods to make a living and support their families.

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The Battle of Ball’s Bluff, Part 2: A Little Short of Boats

U.S. HistoryWar and Foreign Policy

10/17/2018Audio/Video
Ball’s Bluff evolves from a “slight demonstration” into a small-scale battle, and claims the life of one of President Lincoln’s closest personal friends.
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Mises: Scientist and Fighter

BiographiesAustrian Economics Overview

10/17/2018The Free Market
The historic contribution of Mises was represented not so much by the magisterial works that he produced in 1912, or 1922, in 1933, or 1940 — as by his courageous, lonely vigil during the arid decades of the 1940s, 50s and 60s.
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8 Traits of the Entrepreneur

The EntrepreneurEntrepreneurship

Blog10/17/2018

We have designed a survey to investigate 8 entrepreneurial traits. Please help us to refine this research instrument by participating in this survey.

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Old Wine in Old Bottles? A Nobel for Clever Packaging?

World HistoryOther Schools of ThoughtPhilosophy and Methodology

Blog10/17/2018

The Nobel committee this year showed that it has embraced clever economic modeling as a replacement for scientific progress.

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Global Warming: The UN's Plan Ignores Real Costs of Implementation

The Environment

Blog10/17/2018

Even if we accept the mainstream narrative on the effects of climate change, the costs of implementing a global regulatory "mitigation" program are far higher than advocates admit.

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