Mises Wire

The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human action based on premises known with certainty to be true, and this is what we teach and advocate. Our scholarly work is founded in Misesian praxeology, and in self-conscious opposition to the mathematical modeling and hypothesis-testing that has created so much confusion in neoclassical economics. Visit https://mises.org

The Myth of Good Government

August 24, 2019 by Mises Wire

[Originally published November, 2008.] One of the great and most persistent errors of classical liberals is to believe in “good government,” a government that does “what it is supposed to …

The Hidden Costs Behind Every Government Program

August 24, 2019 by Mises Wire

When the state constructs a new bike lane, school, or begins a new space mission, the natural inclination of the majority is to cheer this new endeavor as progressive. We …