The State of Modern Economics
Peter G Klein is Carl Menger Research Fellow of the Mises Institute and W.W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business. He is also …
Mises Wire
The US Recovery Is Weak, Especially Given the Size of the “Stimulus”
It seems that governments want to convince us that they have saved the world when the reality is that the misguided lockdowns were the cause of the economic debacle and …
Decentralization, Absolutism, and the Papal States
[The Pope Who Would Be King: The Exile of Pius IX and the Emergence of Modern Europe by David Kertzer Random House, 2018 xxx + 474 pages] Historian David Kertzer …
What Happens When Governments Force Corporate Boards to Appoint More Women
A controversial new law in California requires publicly traded companies headquartered in the state to include at least one woman on their board of directors. Supporters of those types of laws even …
Political Competition vs. Market Competition
[Editor’s note: In this selection from The Society of Tomorrow, Gustave de Molinari (1819-1912) discusses how competition in the political and natural worlds differ greatly from competition in the marketplace. We find …
The Ruling Class Only Cares about Democracy When It Helps Them
Turkish president Recep Tayyip Erdogan once remarked that ”[d]emocracy is like a streetcar. When you come to your stop, you get off.” Say what you want about the Turkish president …
Alan Payne on a Fascinating History of Competing Business Models
We can gain useful insights by winding business models back in time to see how they emerged and evolved. In the case of competing business models, we can analyze the …
The Noneconomic Objections to Capitalism
[Editor’s note: this article is excerpted from part IV of The Anti-Capitalistic Mentality. In the nineteenth and twentieth century, socialists often argued that socialism was superior to capitalism because it …
The “Miracle Recovery” Narrative: We’ll Just Print Our Way to Prosperity
Over the last few weeks, we’ve been constantly bombarded by news reports and “expert” analyses celebrating an incredible global economic recovery. They’re not even presented as projections or expectations anymore, but …
The Faith of Entrepreneurs
Ludwig von Mises didn’t like references to the “miracle” of the marketplace or the “magic” of production or other terms that suggest that economic systems depend on some force that …