Mises Wire

Willmoore Kendall on Mill and Free Speech

Philosophy and Methodology

Blog09/18/2020

Kendall, a leading twentieth-century conservative, admired Rousseau and thought it was a good thing that Rousseau's "general will" of the people suppresses freedom of opinion.

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The Problem with "Predictive" Theories of Economics

Book ReviewsPhilosophy and Methodology

Blog09/17/2020

There is almost never clear evidence that a theory's predictions are false. You can always adjust something in the theory to make it come out true, and that is what all too many economists do.

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Joey Rothbard

Biographies

Blog09/17/2020

Today would have been the ninety-second birthday of JoAnn Rothbard.

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Risk and Uncertainty

Calculation and KnowledgePhilosophy and Methodology

Blog09/11/2020

The distinction between risk and uncertainty is a key tenet of the Austrian school. Mainstream neoclassicists reject it.

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The EU's Drive toward Political Centralization Will Doom Its Economy

Big GovernmentDecentralization and SecessionWorld History

Europe needs more than ever the principles that made it successful: decentralization, free trade, and sound markets.

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Rothbard and Double Restitution

Legal SystemPhilosophy and Methodology

Blog09/04/2020

Economists who have written on punishment find Rothbard's “double restitution” idea puzzling, because they think about it only in terms of economic efficiency. But Rothbard's theory is based on a moral principle.

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Dworkin and the Free Market

Free MarketsPhilosophy and Methodology

Blog08/28/2020

In a free market, goods pass to those who are willing to pay the most to get them. A legal system that allows people to bid against each another for the goods they want displays equal concern for its citizens.

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How Government Healthcare Has Reduced Access to Hospital Beds

Blog08/24/2020

If we want to understand the numbers behind the need to "flatten the curve," we must look at how government programs like Medicare have reduced hospital capacity in recent decades.

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