Austrian Economics
Contributor's Links: Mises Institute

The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human ... more

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With Inequality, Some Is Fair And Some Is Unfair
Despite different judgments concerning inequality, interventionists and free-market advocates seem to agree that, for the most part, inequality is a natural outcome of the market process or “capitalist development.”
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Michael Malice On North Korea's "Economy"
North Korea is not the poorest country on earth, but it is undoubtedly the most miserable. Michael Malice has been there and joins me to discuss the bizarre economics of life in a country with virtually no outside trade.
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Should We Use Probability In Economics?
Modern economics in addition to sophisticated mathematics also employs probability distributions. What is probability?
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Government "Stimulus": The Real Trickledown Economics
As a description of supply-side tax policy, “trickledown economics” is completely inaccurate. Changes in a tax code that are rooted in supply-side economics are about enhancing economic growth by changing incentives to work, save, and invest.
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Consumer Sovereignty Is A Problem For Government "Stimulus" Plans
The economy can’t recover when the government is interfering with the ability of suppliers to reorganize, reallocate, and reinvest.
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Yes, Tax Cuts Really Are The Reason For Your Raise
Since Trump’s reduction of the corporate tax to 21%, workers across the country have been rejoicing.
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