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Mises Institute

Trading > Mises Daily

How the Free Market Works

Mises | Tue, 10/27/2009 - 1:30pm | capitalism, economic theory, economics, free markets, Mises Institute, production theory, Rothbard |  Add a comment

In Rothbard's vast compendium of economic wisdom, we read much that has not yet been properly popularized. Rothbard's production theory, for example, is quite different from the standard account. ... Read the full post ... Read more

Trading > Mises Daily

Paul Krugman's Identity Crisis

Mises | Fri, 09/25/2009 - 10:31am | Alan Greenspan, economics, Mises Institute, Paul Krugman |  Add a comment

In 2009, Krugman stated that "deficits saved the world." However, in 2003, when Alan Greenspan and the Bush administration were destroying this country's balance sheet, Krugman was scared to death about inflation. ... Read the full post ... Read more

Trading > Mises Daily

The Great Economist Carl Menger

Mises | Tue, 07/21/2009 - 9:34am | Carl Menger, economic theory, economists, Mises Institute |  Add a comment

Menger was one of those thinkers who can claim a single decisive achievement that made scientific history. His name will be forever linked with a new explanatory principle which has revolutionized the whole field of economic theory. ... Read the full post ... Read more

Trading > Mises Daily

Defining the Extent of the Market: the Whole Foods Case

Mises | Tue, 06/02/2009 - 12:40pm | Market Commentary, Mises Institute, WFMI, WHole Foods |  1 comment

Anyone is a monopolist if the market is defined narrowly enough. McDonald's is a monopoly provider of Big Macs, and Burger King is a monopoly provider of Whoppers. Tiger Woods plays in fewer golf tournaments than he used to. Should he prosecuted as a monopolistic withholder of his services? ... Read more

Stock Investing > Organizations and Markets

Mises Quote of the Day

| Tue, 03/03/2009 - 2:58pm | economic commentary, economics, entrepreneurship, Mises Institute |  2 comments

| Peter Klein | OK, so the line attributed to George W. Bush – ”the problem with the French is they don’t have a word for entrepreneur” — turns out to be apocryphal . But check out this passage from the recent Mises collection, Marxism Unmasked , as noted in ... Read the full ... Read more