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Entrepreneurial Profit Follows Good Decisions, Not...

Mises Institute ·

2024/12/09

Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly gauge markets. Exploitation has nothing to do with it.

The Limits to Public Opinion and the Failure of...

Mises Institute ·

2024/12/09

The watchword among progressives this election season is: “Nothing less than our democracy is at stake.” In truth, democracy itself is not in danger, but one can accurately say that “democracy,” as practiced in the US, endangers our lives.

What Is Consent?

Mises Institute ·

2024/12/09

Buchanan and Tullock‘s The Calculus of Consent influentially applies economic ideas to politics, focusing on methodological individual. However, there are a few pitfalls about which readers should be aware.

Sound Money Movement Chalks Up Seven State...

Mises Institute ·

2024/12/09

Not all news from the gold and monetary fronts is bad. In fact, gold made a number of advancements in seven states, including exemptions from taxes and attempts by states to restrict Federal Reserve behavior. Gold is alive and well.

Contrived Scarcity and Antitrust Lawsuits—“It’s Not a...

Mises Institute ·

2024/12/09

Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t want to follow the company’s rules are now appealing to US antitrust law.

Historical Revisionism: What It Is and What It Is Not

Mises Institute ·

2024/12/09

Historical revisionism is nothing new, and recent attempts to label an “antiracist” approach to history have wrongly been called “revisionist.” To better understand revisionism, one must first be grounded in reality, then apply reality-based thought to studying the past.

Discrimination and Opportunities for Women

Mises Institute ·

2024/12/09

Wage differences between men and women often are automatically attributed to sex discrimination against women. However, as research has shown time and again, other factors are at work.

How the Government Created Exorbitant Insulin Prices

Mises Institute ·

2024/12/09

Progressives blame the free market for insulin prices and want to impose price controls. But, government regulation is to blame.

The World at War—An Essential New Book from Ralph Raico

Mises Institute ·

2024/12/09

Looking for an introduction to the real story of the foundations and tragedies of the world wars? This new book by the late historian Ralph Raico is a must-read.

Minimum Wage Laws Can't Repeal the Laws of Economics

Mises Institute ·

2024/12/08

A new study at UC Berkeley claims that California‘s new $20 minimum wage has had no adverse economic effects. If only that were true.

Federal Power and Statist Racecraft

Mises Institute ·

2024/12/07

In the post-Civil War South during Reconstruction, federal troops attempted to impose their will in part by pitting recently-freed slaves against southern whites. The outcome was obvious, leading to more than a century of violent racial clashes, all the while strengthening federal power.

Atomic Salvation: Did the Atom Bombs Save 500,000 to...

Mises Institute ·

2024/12/07

The US went to war 83 years ago today with Japan‘s attack on Pearl Harbor. It ended with Japan‘s surrender after US bombers dropped atomic bombs on Hiroshima and Nagasaki. The myth lives on to this day that the bombs ended the war prematurely, saving millions of lives.

Fiscal Folly

Mises Institute ·

2024/12/07

Government spending does not reflect true economic value the way personal spending does.

David Glasner on the Sraffa-Hayek Debate

Mises Institute ·

2024/12/07

David Glasner shares his perspectives on the famous Sraffa-Hayek debate, a topic on which he has expressed disagreement with Bob in print.

Paul Krugman Rides into the Sunset

Mises Institute ·

2024/12/07

After spending 25 years as a columnist for the New York Times, Paul Krugman is finally retiring from that position—25 years too late, if one wishes to be honest.

The Secret Passage: How Amzalak and Salazar Helped...

Mises Institute ·

2024/12/06

In 1940, shortly after Nazi armies ran across Europe and conquered France, Ludwig von Mises and his wife, Margit, escaped to the US after a harrowing journey through hostile territory. Here is their story.

Self-Described “Austrian” Is New Leader of UK...

Mises Institute ·

2024/12/06

In the aftermath of its recent election debacle, Britain's Conservatives have selected Kemi Badenoch as their new leader. Badenoch describes herself as an "adherent to Austrian Economics." Will it make any difference in Britain's future?

Why Pete Hegseth Might Not Get Confirmed as Secretary...

Mises Institute ·

2024/12/06

An analysis of past U.S. secretaries of war and defense gives us some insight into the nature of the relationships within the “military-industrial complex.”

Marx's Misanthropy

Mises Institute ·

2024/12/06

Marx is often portrayed as motivated by love of the working class, but, starting from the time he was a university student, he displayed contempt and hatred for the masses he deemed beneath him.

Employed Workers Dwindle and Full-Time Jobs Fall as...

Mises Institute ·

2024/12/06

According to the BLS's household survey, employed workers are down by 725,000 while full-time work is down for ten months in a row. Naturally, the Fed plans for interest rate cuts.

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