China’s Emerging Global Leadership Isn’t Just the Result of Subsidies: Entrepreneurship Still Matters in This Market
It is easy to dismiss Chinese advancements in electric vehicles as the result of government subsidies, but private entrepreneurship also is playing a major role. Original Article: "China's Emerging Global Leadership Isn't Just the Result of Subsidies: Entrepreneurship Still Matters in This
Artificial Intelligence Can Serve Entrepreneurs and Markets
In our technocratic age, it is easy to dismiss the latest technological developments as an avenue toward freedom, but some of them still bode well for markets. Original Article: "Artificial Intelligence Can Serve Entrepreneurs and Markets" This Audio Mises Wire is generously
The Fed’s “Disinflation” Story Just Flew Out the Window
Mark talks about the recent price inflation reports, as well as reports of job openings from private sector job placement companies. Inflation was higher than expected and job openings declined. What will the Fed do? People are making painful adjustments—Domino's
Altruism vs. Materialism in Market Exchange
[Excerpted from chapter 6 "Antimarket Ethics: A Praxeological Critique" of Power and Market.] One of the most common charges levelled against the free market (even by many of its friends) is that it reflects and encourages unbridled “selfish materialism.” Even
Austrian Economics Stands against the Collectivism of Progressive Thought
Recently, I published an article in the Mises Wire, “Woke Egalitarianism and the Elites,” in which I presented the true intentions behind woke egalitarianism. The article also described how elites attempt to rebuild society through collectivism. But more than discussing
Losing Control of Money
With global worldwide debt now over $300 trillion and interest rates rising, the US dollar is once again a relative safe haven in a slowing economy. Currencies competing with the Dollar face a deadly race to stave off a sovereign debt
Biden versus Bastiat
President Biden's recent call to "buy American" is doomed to failure, just like all other protectionist schemes. Original Article: "Biden versus Bastiat" This Audio Mises Wire is generously sponsored by Christopher Condon.
When Military Strategy Ignores Economics: The Sad Story of Rear Admiral Alfred Thayer Mahan
It is a great tragedy that many modern military leaders and strategists do not understand economics. If they did, I suspect that there would be a lot less war, a lot less military spending, and a lot less wastefulness. Certainly,
Once More unto the Veatch
Human Rights: Fact or Fancy?by Henry B. VeatchLSU Press, 1985; xii + 258 pp. Henry Veatch was one of the foremost philosophers of the twentieth century, though sadly neglected by most contemporary analytic philosophers. He was a resolute defender of Aristotelian
Now we just wait for the comment from Desvousges, Mathews and Train
Yesterday I spent 2 hours revising a final version of this paper so that we can say it is "forthcoming" in Applied Economic Perspectives & Policy. Here is Figure 1: