Word, Action, and Entrepreneurship
[This article originally appeared in Studies in Logic, Grammar and Rhetoric 57, no. 1 (2019): 161–174. Reprinted here with permission.] Abstract. The Mengerian-Misesian tradition in economics is also known as …
Mises Wire
Social Justice Is Nothing like Real Justice
Social justice is a political and social ideology that advocates for the equal redistribution of wealth, equal access to economic opportunities, and the reduction of unfair privileges within a society. …
John Rawls’s Unfortunate Notions of the Nation-State
The most famous work of twentieth-century political philosophy is John Rawls’ A Theory of Justice (1971). The most controversial part of this book is the “difference principle”: “Social and economic …
Private Ownership: A Must
[Chapter 7 from The Wisdom of Henry Hazlitt, edited by Hans F. Sennholz (Irvington-on-Husdon, NY: The Foundation for Economic Education, 1993).] If capitalism did not exist, it would be necessary …
How Entrepreneurs Learn from the Marketplace
Ludwig von Mises wrote that “we are historians of the future.”1 But, the heterogeneity in knowledge makes it virtually impossible to know everything there about historic market trends, or even …
When Nassim Taleb Channels Ludwig von Mises
Reading Nassim Nicholas Taleb, the student of Austrian economics finds much to like. Taleb’s clear, razor-sharp and ruthlessly unqualified commentary often reminds the reader of Mises – indeed even the …
Stephan Kinsella and Bob Murphy Debate Hans Hoppe’s “Argumentation Ethics”
Bob Murphy and Stephan Kinsella debate Hans-Hermann Hoppe’s famous “argumentation ethics” case for libertarianism. Stephan defends Hoppe’s claim that any attempt to justify a non-libertarian system would result in a …
The Hidden Link Between Fiat Money and the Increasing Appeal of Socialism
What causes the seemingly unfounded confidence in socialism we encounter more and more in the news media and among political activists? In the Extinction Rebellion movement, for example, activists are …
Desocialization of Enterprises: Empowering Venezuelans
Quarterly Journal of Austrian Economics 22, no. 2 (Summer 2019) full issue. ABSTRACT: One of the fundamental conditions for overcoming the economic disaster in Venezuela and being sure that a …
Capital Accumulation, Not Government, Is the Key To Technological Innovation
According to Mariana Mazzucato, the RM Phillips Professor in the Economics of Innovation at the University of Sussex, government is an important factor in the promotion of innovation and thus …