Austrian economics does not share the same methodology as we see in the economics mainstream. The Austrian emphasis on praxeology provides a better explanation of economic events than does the mathematically-bound mainstream.
Besides repairing the gaps in Misesian economics, Rothbard made numerous theoretical breakthroughs and discoveries of his own.
In this week’s Friday Philosophy, Dr. David Gordon takes apart Yale law professor Samuel Moyn’s screed against people living longer than Moyn thinks appropriate.
Intervention begets intervention. This was the case following the American Revolution, as the consequences of inflation, credit expansion, and wartime disruptions set up for the depression of 1784 in peacetime.
Support Mises University 2026 by helping students take home Austrian classics and get the special edition 40th anniversary t-shirt.
While Adam Smith is celebrated in some circles as the “Father of Free-Market Economics” (Austrians would disagree), his writings on the “disadvantages” of the worker are misleading.
The media tells us that the rape allegations that brought down Graham Platner’s Senate campaign just came to light. Actually, the media had those allegations for months, but sat on them to protect Platner’s campaign.
Every July 4th, politicians climb podiums, flags wave, a hundred million dollars’ worth of fireworks scatter across the sky, and somewhere between the hot dogs and the stadium-rock anthems, it becomes easy to confuse the theater of freedom with the substance of it.
As AI becomes a more important and visible part of our lives, the movement to regulate it also grows. The standard regulation narratives—that government regulates things in the name of the public interest—clearly do not fit the facts.
"The main aim of American foreign policy is to impose the will of our ruling elite on the rest of the world."
