It is widely held that financial asset markets always fully reflect all available and relevant information, and that adjustment to new information is virtually instantaneous. This way of thinking is also known as the Efficient Market Hypothesis (EMH), and is closely linked with the Rational Expectations Hypothesis (REH), which postulates that market participants are at least as good at price forecasting as is any model that a financial market...
Read More »
Category Archive: 6b.) Mises.org
How Government Propped Up Slavery
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
Read More »
Read More »
The Rebellious Old Right
In The Betrayal of the American Right, Rothbard asks “how many Americans realize that, not so long ago, the American right wing was almost the exact opposite of what we know today?” Describing the American Old Right, Tom Woods explains that:…the Old Right drew inspiration from the likes of H.L. Mencken and Albert Jay Nock, and featured such writers, thinkers, and journalists as Isabel Paterson, Rose Wilder Lane, John T. Flynn, Garet Garrett, Felix...
Read More »
Read More »
Marxism as Sophism: A Critical Examination of Labor as a Commodity
One of the central tenets of Marxism is the labor theory of value, which states that the value of a commodity is determined by the amount of socially-necessary labor time required to produce it. In this framework, labor itself becomes a commodity—something that can be bought and sold in the marketplace. Marx argues that, under capitalism, workers are forced to sell their labor power to capitalists, who exploit them by paying wages that are less...
Read More »
Read More »
Why Marx Was Wrong about Workers and Wages
One of the central tenets of Marxism is the labor theory of value, which states that the value of a commodity is determined by the amount of socially-necessary labor time required to produce it. In this framework, labor itself becomes a commodity—something that can be bought and sold in the marketplace. Marx argues that, under capitalism, workers are forced to sell their labor power to capitalists, who exploit them by paying wages that are less...
Read More »
Read More »
Is the Skyscraper Curse Dead?
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
Read More »
Read More »
The Bolognese Jurists behind the Proto-Austrians of the Salamanca School
Bologna, a city in northern Italy, is considered by many scholars to be the oldest university city in the Western world. Its university—the Alma Mater Studiorum—dates back to the year 1088. From the very beginning, the University of Bologna specialized in the analysis of law, especially in the study of canon law (the set of laws and decrees concerning the clergy and religious matters). Bologna became the home of famous jurists who studied and...
Read More »
Read More »
The Bolognese Jurists behind the Proto-Austrian Theories of the Salamanca School
Bologna, a city in northern Italy, is considered by many scholars to be the oldest university city in the Western world. Its university—the Alma Mater Studiorum—dates back to the year 1088. From the very beginning, the University of Bologna specialized in the analysis of law, especially in the study of canon law (the set of laws and decrees concerning the clergy and religious matters). Bologna became the home of famous jurists who studied and...
Read More »
Read More »
Smashing the Western Illusion of Democracy
In these politically turbulent times, the “illusion of democracy is fading worldwide” as one pundit wrote recently. There is a growing sense in the West that “democracy” is not working well, but there is not yet a full and clear recognition of that fact. Michel Maffesoli, honorary professor at the Sorbonne in Paris, has been saying already for several years, that “the end of the democratic ideal is manifesting itself.” Signs of this can be seen in...
Read More »
Read More »
New “Engels” on Marx
Marx by Jaime Edwards and Brian Leiter Routledge, 224; 316 pp.In Marx, Jaime Edwards and Brian Leiter aim to give readers who haven’t studied Karl Marx an account of the essentials of his thought and, to a lesser extent, the ideas of later Marxists as well. They argue that although some of Marx’s doctrines are wrong, others are correct; in particular, they take Marx to be unrivaled as an analyst of capitalism. In what follows, I’ll comment on a few...
Read More »
Read More »
The Rise of the Western Nuclear Family and the “European Miracle”
It’s now been nearly 35 years since E.L. Jones first published his watershed book The European Miracle. Jones’s history of Europe’s economic development examined the reasons why Europe—a comparatively poor and backward part of the world in the Middle Ages—somehow became the wealthiest and most productive place on earth in the nineteenth century. The fundamental question remains: why did Europe surpass other civilizations1such as Islam and...
Read More »
Read More »
Back to School—A Critique of the College Model
In a recent conversation with my college-educated friend, they expressed their sentiments that college, for many, was a waste, echoing a common critique among libertarians. Further, they continued, that if they were not led to believe that college would guarantee a well-paying career, they could have started working earlier, developing real-world skills, therefore, making closer to the comfortable pay of their non-college-attending colleagues....
Read More »
Read More »
Why the Family Is Not the Model for the State
For centuries, advocates for greater state power have claimed that modern sovereign states are like families.The value of the strategy is clear: most people view families as both necessary and natural. Even in our current age of widespread divorce and single parents, the idea of “family” (variously defined) remains enduringly popular. Thus, for a politician looking to increase the perceived legitimacy of the state, it only makes sense to attempt to...
Read More »
Read More »
It’s Always Been Hamiltonian Statecraft
Walter Russel Mead asserts in his new piece in Foreign Affairs that what he labels as “Jacksonian national populism” and “Jeffersonian isolationism” have made a significant comeback during the 21st century. According to him, President Bush’s 2003 invasion of Iraq mirrors Jacksonian populism and that Donald Trump’s victory in 2016 was a sign of the collapse of neoconservatism in the American electorate. Shockingly, he also asserted that both parties...
Read More »
Read More »
America Can’t Afford Global Hegemony
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
Read More »
Read More »
Education: Labeling vs. Tailoring
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
Read More »
Read More »
Does Any Daylight Remain between Monetary and Fiscal Policy?
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
Read More »
Read More »
TSA Tyranny Goes Cutesy
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
Read More »
Read More »
The Mises-Hoiles Correspondence: What Might Have Been
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
Read More »
Read More »
The Regime’s War on Cash Could Destroy the Economy
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...
Read More »
Read More »
On Swiss National Bank
-
SNB Sight Deposits: decreased by 2.4 billion francs compared to the previous week
-
Gold finds some support at $2,660, with upside attempts limited
-
USD/CHF aims to revisit 0.8950 as SNB to cut rates further
-
US Dollar tries to keep gains for a fourth straight day despite flat CPI
-
Gold price retreats from over two-week top; bulls turn cautious ahead of US CPI
Main SNB Background Info
Featured and recent
-
2025: Inflations-Comeback schockt die Märkte?
-
The Great Taking: Ihr Depot in GEFAHR?
-
So entwickeln sich Bitcoin & Co. am Mittag -
Wie teuer wird Strom 2025 bei Dir? (Diese versteckte Umlage ist der Grund) -
Uhrenhändler: Die meisten zahlen für ihre Rolex zu viel -
Deep Fakes von Finanzfluss? -
LA PRESIDENTA DE MÉXICO ADMIRA A CUBA Y A VENEZUELA -
Bitcoin: Kaufen wenn andere Angst haben? -
The French Revolution
-
Magdeburg: Elon Musk eskaliert schon wieder!