Category Archive: 6b.) Mises.org

Calculation and Environmental Policy: Lessons from Human Action

A Libertarian Party presidential nominee said he was open to a carbon tax. Mises would have had a different suggestion, and Timothy Terrell explains what it was.

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Human Action: The Antidote to Progressivism

There are only three possible economic systems: capitalism, socialism, and interventionism. Mises spent his career proving the third is the least understood and the most dangerous.

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Human Action and the Foundations of Economic Prosperity

A labor economist at the University of Chicago devoted his career to Veblen's institutionalism. When he finally saw through the foundations, he told a friend: all my work has been bunk.

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Mises and Rothbard on Credit Contraction during a Downturn

Should banks contract credit during a bust? Mises said yes. Rothbard disagreed. Patrick Newman traces a subtle but consequential rift between master and student.

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There’s Many a Slip ‘twixt Cup and Lip

The engineer and the gambler both face uncertainty, but only one can control the forces involved. Jonathan Newman explores the gap between plan and outcome that drives all economic life.

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Dualism and Calculation: What Mises Taught Me about Economics and Capitalism

Mises said the modern theory of value didn't just improve economics. It created an entirely new science: the general theory of human action.

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Property Rights and Entrepreneurial Judgment

Armen Alchian opened a seminar by reading a paragraph on property. Only one person in the room recognized it from Mises's Human Action. It changed everything.

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The Challenge of Praxeological Realism

Hülsmann opened Mises's 1912 Theory of Money and Credit expecting a historical curiosity. He found a work that surpassed everything published since.

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My Discovery of Human Action and of Mises as a Philosopher

To spend his compulsory East German currency, Hoppe's only options were Marx, Engels, and Russian novels. Then he found his way to Mises through Friedman and Hayek.

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Human Action: Foundations for the Modern Austrian School

By 1950, the Austrian School was nearly dead. Keynesianism had displaced its business cycle theory, and the profession declared Mises wrong on socialism. Human Action was the counterattack.

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Human Action, the Way Forward

Mainstream economics starts with models and works backward to reality. Mises started with reality and worked forward to theory. Herbener explains why that distinction changes everything.

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Ludwig von Mises’s Epicurean Ethics

Mises was a psychological hedonist, but not the kind you think. David Gordon untangles a philosophical position most Austrians have never examined closely.

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How Human Action Shaped My Teaching and Research Career

DiLorenzo learned more about inflation and recession in 45 minutes of reading Mises than in two semesters of macroeconomics. That, he argues, is the Austrian School's greatest advantage: anyone can become their own economist.

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The Law of Association: Foundation of Human Society

Ricardo's law of comparative advantage wasn't just about trade between nations. Mises saw something deeper: it's the reason human society exists at all.

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Preface to The Influence and Significance of Human Action After 75 Years

Ludwig von Mises nearly titled his masterwork Social Cooperation. Salerno explains why that alternative title reveals more about the book's ambition than most readers realize.

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The Influence and Significance of Human Action After 75 Years

Human Action is more than a book about economics broadly construed. It is a guide to civilized social life which elucidates the laws of reality that apply if human persons are to engage in peaceful and prosperous social cooperation under the division of labor.

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How Money Acquires Its Value

From Monetarists to advocates of modern monetary theory, government edicts give money its value. Austrian economists from Menger to Mises to Rothbard know better.

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America’s States Are Too Big and Too Centralized

Ryan McMaken argues that the American constitutional structure has become a suicide pact. It's a system that guarantees growing conflict and provides only one approved solution: more centralized power in Washington.

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Why young and old men are leaving the labor force at record rates

On top of mounting numbers of retirees, record numbers of young men are claiming to be disabled or sick.

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Coordination, Not Conflict: What Hayek Got Right About Social Order

There is a recurring temptation in political economy to reduce social order to a problem of conflict rather than recognizing the significance of voluntary cooperation.

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