Mises Wire

What Drove the Industrial Revolution in Britain? It Wasn't Slavery

World History


Some claim that slavery was the main reason for the success of the Industrial Revolution in Great Britain, but the answer lies elsewhere.

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What Economics Is

The EntrepreneurAustrian Economics Overview


Learning economics is fundamentally about gaining economic literacy so we can better understand the world we are part of. The real world, not the invented world we find in formalized models.

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War and Competition between States

War and Foreign PolicyWorld History


"War acknowledges no limit to the sacrifices which [the state] may demand of a nation, and governments must necessarily have an equal power of compelling those sacrifices."

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When "Decolonialization" Creates More Problems than It Allegedly Solves

World History


The academic and political buzzword today is "decolonialization," but what happens when good laws are discarded on the flimsy basis that they were established during a colonial era?

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Wages, Unemployment, and Inflation

Labor and WagesValue and Exchange


There is only one way to improve the standard of living for the wage-earning masses: increased capital investment.

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We Cannot Interpret Economic Data Unless We Know Economic Theory

Central BanksPraxeology


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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When Honesty Is Disincentivized, Don't Be Surprised That Trickery Abounds

Cronyism and CorporatismEconomic FreedomLegal SystemProperty Rights


Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.

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Why Donald Trump Will Soon Be Indicted

AntipoliticsBureaucracy and RegulationLawThe Police State

While the FBI and the Department of Justice have been overreaching, Donald Trump has not helped his own cause.

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