Category Archive: 6b.) Mises.org

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Critique of Neoclassical Economics

2023-07-26

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2023-07-26

The differences between the Austrian school and the mainstream begin at the most fundamental level: method (logic vs. empiricism) and the goal of economic science (understanding vs. prediction). Download lecture slides at Mises.org/MU23_PPT_19.  Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023. Critique of Neoclassical Economics | Jonathan Newman Video of Critique of Neoclassical Economics |...

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Cronyism in America: How the AMA Cartelized the Medical Profession

2023-07-26

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2023-07-26

In the Progressive Era (1897 to 1929) the American Medical Association made an effort to restrict the supply of doctors. Download lecture slides at Mises.org/MU23_PPT_18.  Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2023. Cronyism in America: How the AMA Cartelized the Medical Profession | Patrick Newman Video of Cronyism in America: How the AMA Cartelized the Medical Profession | Patrick...

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Mises and Nationalism

2023-07-26

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2023-07-26

At a time when ethnic politics were tearing Europe apart, Ludwig von Mises believed that such ethnic devotion did more harm than good. Original Article: "Mises and Nationalism"

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Measurement in Economics

2023-07-25

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2023-07-25

Karl-Friedrich Israel discusses modern econometrics, utility and welfare economics, and econometrics as a set of descriptive tools. Download lecture slides at Mises.org/MU23_PPT_17. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. Measurement in Economics | Karl-Friedrich Israel Video of Measurement in Economics | Karl-Friedrich Israel

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Minimum Wage

2023-07-25

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2023-07-25

There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws. The minimum wage works the way it was intended one hundred years ago. Download lecture slides at Mises.org/MU23_PPT_16. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. Minimum Wage | Mark Thornton Video of Minimum Wage | Mark Thornton

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Why Employers and Families—Not Bureaucrats—Should Be In Charge of Immigration Policy

2023-07-25

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2023-07-25

It's become common now to read arguments claiming that immigrants — broadly speaking —  are good for the economy, or good for "America" in some other fashion. "Migrants and refugees are good for economies," Nature magazine claims. "Open Immigration Is Good for the Health of People and the Economy," another writer claims. "1,500 economists to Trump: Immigrants are good for the U.S. economy," CNN insists....

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Competition and Monopoly

2023-07-25

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2023-07-25

Government attempts to limit “monopoly power” cannot improve well-being. Download lecture slides at Mises.org/MU23_PPT_15. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. Competition and Monopoly | Peter G. Klein Video of Competition and Monopoly | Peter G. Klein

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Human Action Conference 2024

2023-07-25

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2023-07-25

"Once in a great while, a book appears that both embodies and dramatically extends centuries of accumulated wisdom in a particular discipline, and, at the same time, radically challenges the intellectual and political consensus of the day. Human Action by Ludwig Von Mises is such a book, and more: a comprehensive treatise on economic science that would lay the foundation for a massive shift in intellectual opinion that is still working itself...

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The Austrian Theory of the Business Cycle

2023-07-25

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2023-07-25

What is a business cycle? Download lectures slides at Mises.org/MU23_PPT_14. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. The Austrian Theory of the Business Cycle | Jonathan Newman Video of The Austrian Theory of the Business Cycle | Jonathan Newman

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The Most Exciting Moments from Monday of Mises U

2023-07-25

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2023-07-25

This year during Mises University, we want to share the perspective of students in the program. The following are YouTube shorts from some of this year's Mises Apprentices asking fellow students about the highlights from the first full day of Mises U. [embedded content] [embedded content] [embedded content] [embedded content] In this short, one of our Mises U students talks to Dr. Patrick Newman, a member of the faculty and a Mises U...

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The American Revolutionaries Didn’t Need a Central Government. Neither Do We.

2023-07-25

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2023-07-25

You’re driving on a two-lane road and see cars headed your way. Do you drive off the road to protect yourself or your family? Probably not. You stay on your side, while they stay on theirs. In most cases you’re in a situation of mutually assured destruction if either one crosses the center line. It is not from the benevolence of the other drivers that we expect them to stay in their lane but from their regard to their own self-interest. It’s...

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Austrian Capital Theory

2023-07-25

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2023-07-25

Capital is the starting point of economic calculation. Download lecture slides at Mises.org/MU23_PPT_13. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. Austrian Capital Theory | Shawn Ritenour Video of Austrian Capital Theory | Shawn Ritenour

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Calculation and Socialism

2023-07-25

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2023-07-25

In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning. Download lecture slides at Mises.org/MU23_PPT_12. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. [embedded content]

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The Theory of Interest

2023-07-25

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2023-07-25

Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action. Download lecture slides at Mises.org/MU23_PPT_11. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023. The Theory of Interest | Jeffrey M. Herbener Video of The Theory of Interest | Jeffrey M. Herbener

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To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48

2023-07-25

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2023-07-25

Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money. Original Article: "To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48"

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A Higher Minimum Wage Won’t Improve Life in Pennsylvania

2023-07-25

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2023-07-25

Pennsylvania has no state minimum wage. Currently, the law of the land is the federal minimum wage that sits at $7.25 per hour. Not having a state minimum wage can be immensely beneficial assuming that the general business climate is amenable to growth. Pennsylvania definitely can’t boast of that yet, but they have taken steps to get there. However, recent actions by the Democrat-controlled State House of Representatives threatens this potential...

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The Pentagon and Me: Curiosity vs. the State

2023-07-25

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2023-07-25

Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. The Pentagon and Me: Curiosity vs. the State | Karen Kwiatkowski Video of The Pentagon and Me: Curiosity vs. the State | Karen Kwiatkowski

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Entrepreneurship

2023-07-24

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2023-07-24

Entrepreneurship is a general feature of the market economy. Download lectures slides at Mises.org/MU23_PPT_09. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Entrepreneurship | Peter G. Klein Video of Entrepreneurship | Peter G. Klein

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Money

2023-07-24

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2023-07-24

"We would not expect money to be paper, national, or under the control of any entity." Download the slides from this lecture at Mises.org/MU22_PPT_07. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Money | Sandra Klein Video of Money | Sandra Klein

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Banking

2023-07-24

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2023-07-24

Loan banking versus deposit banking, how deposit banking affects the money supply, how free banking limits credit expansion, the money multiplier process, and more. Download the slides from this lecture at Mises.org/MU23_PPT_08. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023. Banking | Patrick Newman Video of Banking | Patrick Newman

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