A Biography of Henry Hazlitt
The art of economics consists of looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that …
Mises Wire
The Economics of Prison Gangs
Why do prisoners join prison gangs? The answer lies in the fact that, like everyone else, prisoners respond to changes in costs and benefits. If a course of action becomes …
Are Entrepreneurs Born or Made?
“At birth human infants regardless of their heredity, are as equal as Fords,” wrote Ludwig von Mises in his salient book, Theory and History: The Interpretation of Social and Economic …
Desocialization of Taxes: A Taxation System Proposal for Venezuela
Presented during the “Comparative Economics” session at the Libertarian Scholars Conference on 28 September 2019, at The King’s College in New York City. Mises WireThe Mises Institute exists to promote …
Beware of Defense Secretaries Pledging Reform
For the Pentagon, happy days are here again (if they ever left). With a budget totaling more than $1.4 trillion for the next two years, the department is riding high, …
Price Fixing in Ancient Rome
[This article is excerpted from the book Forty Centuries of Wage and Price Controls: How Not to Fight Inflation, chapter 2: “The Roman Republic and Empire.”] As might be expected, …
Selected Abstracts from the 2019 Austrian Economics Research Conference
Quarterly Journal of Austrian Economics 22, no. 2 (Summer 2019) full issue. ABSTRACTS INCLUDE: “Entrepreneurship, Uncertainty, and Judgment: A Model for Understanding the Uncertainty Borne by Entrepreneurs,” by Per …
Markets Rely on Accurate and Honest Information — But Governments Want the Opposite
Have you ever worked with people you couldn’t trust to tell you the truth? It isn’t pretty. Without the ability to rely on what you’ve been told (or that you’ve …
Why Congress Is Even Worse Than You Think
Ryan McMaken and Tho Bishop join for a discussion on the differences between Congress and state legislatures. Drawing from personal experiences, the two look at the differences in incentives, leadership …
“Corporate Social Responsibility” Only Strengthens Corporate Power over the Public
“Business Roundtable Redefines the Purpose of a Corporation to Promote ‘An Economy That Serves All Americans’ ” was the headline of a recent statement put out by this “association of …