Mises Wire

In a new book Literature and Liberty, Allen Mendenhall brings a fresh eye to literary criticism — a discipline long marred by doctrinaire Marxism.

A lack of entrepreneurial and managerial direction prevented Valve from coordinating enough to focus on developing a new Half-Life.

Senator Rand Paul's proposal is an improvement from Obamacare, but it doesn't address the fundamental problems with American healthcare.

Joseph Salerno's essay "Ludwig von Mises as a Social Rationalist," is now available in a new easier-to-read version.

A "universal basic income" serves to make workers and entrepreneurs less likely to produce goods and services the consumers need most.

The only way to avoid fiscal crises is to stop increasing spending and instead begin reducing spending on all aspects of the welfare-warfare state.

Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.

In a free market economy, banks would actually have to clear their checks and this would be a deterrent to creating money out of "air."

Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?

What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.