Mises Wire

The Enclosure Movement and the Agricultural and Industrial Revolutions

The EntrepreneurFree MarketsWorld History

Blog09/12/2022

While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship.

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Short-Term Market Volatility Is Not Entirely Random

Financial MarketsInflation

Blog09/10/2022

Typical teaching on stock prices says they are little more than a random walk. But people's purposeful actions are behind every economic transactions.

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The False Benefit of Less Land Use for Agriculture

Big GovernmentBureaucracy and RegulationFree Markets

Even as population has grown, increasing the intensive margin for agriculture has led to increased food production. This may not necessarily be a good thing.

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Promoting Natural Rights Instead of Conservatism: Looking at Rothbard and Jaffa

DemocracyPhilosophyU.S. History

Blog09/09/2022

Both Murray Rothbard and Harry Jaffa began as men of the Right. However, Rothbard turned toward the view that individuals possess rights outside of the state; Jaffa turned toward conservatism.

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How Monarchs Became Servants of the State

Blog09/09/2022

Monarchs created Europe's modern states but lost the ability to control them. Then, having grown beyond the tools that helped monarchs turn themselves into absolute rulers, "the state acquired a life of its own."

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Democracy without Foundations

AntipoliticsCapitalismDemocracy

Blog09/09/2022

David Gordon continues his critical look at Jedediah Purdy's book, Two Cheers for Politics.

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We Cannot Interpret Economic Data Unless We Know Economic Theory

Central BanksPraxeology

Blog09/09/2022

Logical positivism holds that theory is irrelevant to the empirical results. It is the other way around; One cannot understand or interpret economic data until one has a working economic theory in place.

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Spooner: We Didn't Consent to the Constitution

U.S. History

Blog09/08/2022

"Even those who actually voted for the adoption of the Constitution, did not pledge their faith for any specific time; since no specific time was named during which the association should continue."

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