Mises on Choice
The Mises Institute has recently posted this fantastic quote from Ludwig von Mises himself on their Facebook page: To choose is to pick one out of two or more possible modes of conduct and to set...
View ArticleHuman Action: Introduction
I have finally started on Ludwig von Mises’ famous tome, Human Action, which is certainly one of the most important books in the history of the Austrian school of economics. I can make no promises that...
View ArticleMises on Marx
What induced Marx to invent his ideology-doctrine was the wish to sap the prestige of economics. He was fully aware of his impotence to refute the objections raised by the economists to the...
View ArticleKing Consumer
A couple of quotes from Human Action, by Ludwig von Mises (available here, and in free .pdf format here): A “chocolate king” has no power over the consumers, his patrons. He provides them with...
View ArticleAre Inflation Measures Arbitrary?
I worry sometimes that, when analysts, economists, and politicians discuss inflation, they place a lot of faith in numbers that are not as solid and objective as many people seem to believe. It seems...
View ArticleMises Sees Krugman Coming From a Mile Away
Okay, so this post is probably not entirely fair (and not entirely substantive, either), but I couldn’t help myself. I just came across Paul Krugman’s NYT column for tomorrow and, while I’m not going...
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