Mises Wire

Adam Smith and Benevolence

CapitalismPhilosophy and Methodology

Blog05/15/2020

Buyers and sellers in the free market do indeed act from self-interest, but Adam Smith never argued that this excludes friendly feelings for those they do business with.

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The Clenched COVID Fist of Government

Political Theory

Blog05/14/2020

Governments create nothing, and only excel at coercion and violence. This is why governments are enthusiastic about shutting down economies but seem unsure about how to open them.

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Robert Nozick on Austrian Economics

Philosophy and MethodologyPraxeology

Blog05/08/2020

It isn’t a good argument against Austrian economics that someone might come up with a science that made better predictions. You have to show us the science, so that it can be compared with praxeology. Suffice it to say that this hasn’t been done.

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Be Thankful for Those Who "Only Do It for the Money"

Media and CultureSocialism

Blog05/06/2020

Doing things for money does not justify moral condemnation, unless using money to support your family, live up to the agreements you have made, and to try not to burden others justifies moral condemnation.

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As Oil Craters, Mexico's Government Still Bets on Its Oil Monopoly

Bureaucracy and RegulationSocialismWorld History

With oil prices in likely long-term tailspin, corrupt governments can't count on oil sales to bail them out anymore. But Mexico's government didn't get the memo and still clings to the state oil monopoly.

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Murray Rothbard and Thomas Kuhn

Philosophy and Methodology

Blog05/01/2020

Thomas Kuhn influenced Rothbard by demolishing the notion that the history of science is one of continual progress. The truth is that once a paradigm becomes established, its basic tenets are not questioned at all until major problems crop up.

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Ending the Lockdowns Isn't about Saving Money. It's about Saving Lives.

Economic FreedomInterventionism

Blog04/25/2020

"Saving lives versus saving money" comparisons confuse ends with means. The end of saving the economy is not to have more money. The end is to have resources necessary to preserve the lives and health of countless human beings.

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Praxeology and Mathematical Logic

Philosophy and Methodology

Blog04/24/2020

Some argue that praxeology's deductions should be formalized using mathematical logic, but such an approach would be inappropriate for human action, whose axioms are known.

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