Mises Wire

Why Don't Pro-Tax Millionaires Just Pay More Tax Voluntarily?

Political TheoryPraxeology

Blog02/28/2020

Many rich people publicly support measures to "raise taxes on the rich." This is because the cost of voting to give away $1 million is far lower than the cost of actually giving it away.

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Wicksteed on Surplus Value

Blog02/14/2020

Many people are familiar with Eugen von Bőhm-Bawerk's damning critique of Marx, but Philip Wicksteed also took the time to show where Marx had gone wrong and struck his surplus theory of value a fatal blow.

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Why Entrepreneurs Miss Market Opportunities

The Entrepreneur

Blog02/11/2020

Consumers are unpredictable, so it's very easy to miss important entrepreneurial opportunities. Entrepreneurship isn't as easy as it looks.

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What Is Aggression?

Philosophy and Methodology

Blog02/07/2020

Is just aiding and abetting someone in committing an aggressive act a violation of the nonaggression principle? What if you were "just" driving the getaway car?

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Why Democracy Doesn't Give Us What We Want

Philosophy and MethodologyPolitical Theory

Blog01/30/2020

Uncritically holding democracy out as an ideal overlooks the question of whether market democracy or political democracy better serves citizens.

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Why Paternalists Keep Calling Us "Irrational"

Calculation and KnowledgeOther Schools of ThoughtPraxeology

Blog01/03/2020

Central planners like Cass Sunstein think our alleged "irrationality" means we need the government to intervene in our daily lives.

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Why Marx Was against Individual Rights

SocialismPhilosophy and Methodology

Blog12/27/2019

Karl Marx agreed with Rothbard that individual rights lead to inequality. For Marx, though, this was an argument against rights.

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What Venezuela Needs for a Prosperous Future

Blog12/04/2019

Political and economic salvation for Venezuela can come only from the Venezuelan people themselves. They cannot be “forced to be free.”

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