Category Archive: 6b) Austrian Economics

[This article is chapter 3 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Now available at Amazon and in the Mises Store.] In recent decades, many pundits, scholars, and intellectuals have assured us that advances in communications and transportation would eliminate the different political, economic, and cultural characteristics peculiar to residents of different regions within the United States. It is...

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My article “The Education of the Modern Socialist” deserves a follow-up. The first part showed that a change has occurred in the definition of “socialism”—a necessary change in view of the failures of this ideology during the last century. Socialism today is based on the ideology of “statism”—the conviction that the state must play a fundamental role in society. Ludwig von Mises’s wider definition of socialism as state intervention implies a modern...

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In over twenty-five years of teaching undergraduate students, I have heard the same refrain countless times: free markets have many problems that government has to step in to solve. Indeed, students expect government to “step in” so much that markets occupy a peripheral role in their idealized economic system. Even students with an ideological predilection toward markets will be quick to argue that certain problems, such as pollution, require...

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The state has a monopoly on violence. However, abusive repression harms government credibility and alienates public support in the long run. A more subtle and effective way to exercise power is to surveil the population and to prevent open manifestations of discontent. This article analyzes the case of the of the German Democratic Republic’s (DDR) Ministry for State Security (MfS), also known as the Stasi. The thesis is that an effective...

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Nationalism is a potent force in the modern world, and it is not surprising that some libertarians have been attracted to it. Indeed, in some circles the slogan “Blood and Soil” has come into to use to denote a people’s attachment to the land. It should be noted that although this slogan was used by the Nazis, especially by Walter Darré, it did not originate with them but was common among German nationalists such as Oswald Spengler. It would be...

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Only two days left until Mises University begins! Our students have completed their required readings and have already started discussing Misesian utilitarianism, Rothbardian natural law, and Hoppean argumentation ethics in the Mises University private group chat. We can already tell how enthusiastic and smart these students are! We have students from forty-seven colleges and universities at this year's Mises University. Look and see if your alma...

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People are constantly told to follow their dreams, but doing so is futile without execution. Dreaming is a blueprint for future success; however, some people live in the dream instead of working to make it a reality. Ambition is insufficient to reap success, and many fail to realize their potential. Success is only actualized when you stop dreaming and start doing. Some believe that reading motivational books will lead them to prosperity, yet...

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