Epistemological Relativism in the Sciences of Human Action
[This paper was originally presented at the Volker Fund's Symposium on Relativism, 1960.] La Condition Humaine" by René Magritte (1898–1967) I. Introduction Up to the 18th century, historians paid little or no attention to the epistemological problems of their craft. In dealing
Looking at the Economic Myth of the “Soft Landing”
According to commentators, countering inflation requires monetary authorities to actively restrain the economy, with “experts” believing that higher interest rates need not cause an economic slump. Instead, they believe that the Fed cab orchestrate a “soft landing.” It is questionable,
When Honesty Is Disincentivized, Don’t Be Surprised That Trickery Abounds
Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest. Original Article: "When Honesty Is Disincentivized, Don't Be Surprised That Trickery Abounds" This Audio Mises Wire is generously sponsored
The Enclosure Movement and the Agricultural and Industrial Revolutions
Few technological changes have been criticized as much as the enclosure movement, strongly associated with the British Isles, but actually rooted in the Netherlands. Consider this definition of the movement offered by the Community Environmental Legal Defense Fund (CELDF): The Enclosure Movement
Biden Declares “MAGA Republicans” Enemies of the State
The optics of the event were likely the idea of a proud Biden staffer leaning into the “Dark Brandon” aesthetic that has become popular among regime loyalists on Twitter. To Americans outside of this Very Online echo chamber, the imagery
Inflation in the USA: Where Do We Stand Today?
Biden has declared that the USA has "zero inflation" at present. Austrian economists say, "Not so fast." Original Article: "Inflation in the USA: Where Do We Stand Today?" This Audio Mises Wire is generously sponsored by Christopher Condon.
The Praxeological Origins of the Price System
Commodity money isn't a government creation, as so many believe. It has a definite praxeological foundation. Original Article: "The Praxeological Origins of the Price System" This Audio Mises Wire is generously sponsored by Christopher Condon.
Short-Term Market Volatility Is Not Entirely Random
Over the present year we have experienced record-breaking price inflation, a series of interest rate hikes, and an overall fall in stock prices. It is widely accepted that there is a bubble. A good way for Misesians to measure this
The False Benefit of Less Land Use for Agriculture
Earlier this year, Our World in Data celebrated the fact we have now passed “peak agricultural land”: over the last few decades, the global land area devoted to food production has declined. While the decline is not large and while
Promoting Natural Rights Instead of Conservatism: Looking at Rothbard and Jaffa
This is the story of a man, an intellectual, born after World War I, who spent studying his university years in New York and became acquainted and studied under German Jewish émigré who fled the Nazi regime in Germany, later