Mises Wire

Affirmative Action, Jewish Quotas, and Academic Central Planning

Cronyism and CorporatismMedia and CulturePoliticsU.S. History

Blog02/06/2024

Before there were other kinds of college admissions quotas, there were Jewish quotas. Jane L. Johnson writes about the days when she was an Affirmative Action West Coast student for colleges in the East.

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Review: The Classical Liberal Case For Israel

World History

Walter Block and Alan Futerman assert that “to be anti-Zionist is to be against the entire concept of private property” and "is tantamount to denying the basic rights of private property in a broad sense."

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Studying Economic Data Is Not "Doing Economics"

Other Schools of ThoughtPhilosophy and MethodologySubjectivism

Blog02/05/2024

Economists are fond of claiming that employing data and statistical analysis is actually “doing economics.” No, they are “doing data” and nothing more. Real economics employs real theories that explain economic phenomena.

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Why Governments Can Never Be Run "Like a Business"

Big GovernmentDemocracyTaxes and SpendingInterventionism

Blog02/05/2024

No state regime is a business and it doesn't have a business model. Real businesses rely on free voluntary exchange with customers. States rely on violence and coercion. 

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Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does

Big GovernmentGlobal EconomyPoliticsTaxes and Spending

Blog02/03/2024

In the wake of the financial meltdown fifteen years ago, some countries placed strict limits on piling on public debt. Despite cries that this harms investment opportunities, the ”debt brakes” have worked well.

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A Short History of the Right to Self-Determination

Decentralization and Secession

Blog02/03/2024

Modern international law tends to grant a right to “remedial self-determination” only in extreme cases. Unfortunately, this position accepts that states ought to be free to violate human rights so long as the abuses fall short of war crimes and genocide. 

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How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

Austrian Economics OverviewOther Schools of ThoughtPhilosophy and MethodologyProduction Theory

Blog02/03/2024

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.

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Serbia’s Two Traditions of Freedom

Economic FreedomSocialismWar and Foreign PolicyWorld History

Blog02/02/2024

We don't think of Serbia as a “free” country, but there were movements toward limited government in the past. Unfortunately, the events of the twentieth century overwhelmed the freedom movements there.

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