Mises Wire

Subjective Value Is Not the Same as Arbitrary Value

Value and Exchange


Why do individuals pay much higher prices for some goods versus other goods? The answer requires understanding the law of diminishing marginal utility. 

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Slavery: The "Broken Window" of American Economic History


The "New Historians" can identify the ostensible economic prowess of slavery, but they have ignored the many unseen costs imposed by slave economies.

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Socialist Robert Heilbroner's Confession in 1990: "Mises Was Right."


The 1920 article by Mises is as unknown today by graduate students in economics as it was in 1990, 1950, or 1930. But at least one man in the socialist camp admitted to the New York literati that Mises was right. 

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Stop Confusing Money with Wealth

Cronyism and CorporatismFinancial MarketsInflation


Useful goods and services, and the productive resources needed to create useful goods and services, are wealth. Money is not wealth, and creating more money without first creating wealth is a big problem. 

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Socialists Have Never Shown How They Could Increase the Standard of Living


Fighting erroneous socialist doctrines is not a special interest of a single class but the cause of all; everyone would suffer under the limitation of production and of progress entailed by socialism.

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Social Media Companies Aren't the Good Guys. They're Also Not Monopolists.

Media and CultureMonopoly and Competition


Social media has lied about user privacy and has misled the public about the platforms' status as open forums. But none of this makes these companies monopolies. 

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Setting the Record Straight on Income Inequality


Growing material propserity does not require equality. In fact, equality has nothing to do with building a system that benefits workers and the poor.

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Stop Blaming Classical Liberalism for the Problems of Human Nature


Liberalism in the tradition of Mises and Hayek will not solve the problems of human nature, but it can help to establish a social system in which humans can live peacefully with material prosperity.

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