Patents and Progress
Patents lack a basis in natural rights; to the contrary, they may be a patent absurdity. Original Article: "Patents and Progress" This Audio Mises Wire is generously sponsored by Christopher Condon.
Money Is Not Wealth, Nor Is Wealth Natural Resources
The misconception that money and natural resources are wealth is rampant among intellectuals and other educated individuals, and even economists. Prevailing monetary and economic policy choices reflect this entrenched misconception. Consider the fact that since the 2008 Great Recession, leading central
Should Libertarians Get behind States Waging “Humanitarian” Wars?
In his valuable article “War and Humanitarian Intervention,” in The Routledge Companion to Libertarianism (pp. 441–56), Fernando R. Tesón raises some interesting criticisms of Murray Rothbard’s views on war as part of a more general discussion of the topic, and
Yes, Precolonial Africa Had Technology and Economic Life before Colonialism
Like all other places, Africa has a more nuanced history than what people previously have believed. The continent was not devoid of technology before the advent of colonialism, as there were pockets of inventiveness and small-scale manufacturing. Original Article: "Yes, Precolonial
Will the US Dollar Weaken against Other Currencies?
In the July 26 Financial Times article entitled “Is the Dollar about to Take a Turn?,” Barry Eichengreen writes that the US dollar has had a spectacular run, having risen more than 10 percent against other major currencies since the
Ding Dong, Cheney is Gone: Is the Uniparty Next?
In this celebratory episode of Radio Rothbard, Ryan McMaken and Tho Bishop look at the fall of the Cheney and Bush dynasties and what it means for American politics. Other topics include former CIA directors declaring war on half of
The Sphere of Economic Calculation
1. The Character of Monetary Entries Economic calculation can comprehend everything that is exchanged against money. The prices of goods and services are either historical data describing past events or anticipations of probable future events. Information about a past price conveys the
“Coup” Means Whatever the Regime Wants It to Mean
If the situation were reversed and protestors had invaded the Capitol to support a left-wing candidate, we can be sure that the vocabulary used to describe the event would be quite different. Original Article: "'Coup' Means Whatever the Regime Wants It to Mean" This
Entrepreneurship in Developing Countries: Still a Work in Progress
Entrepreneurial advocacy has surged in recent years. Quite frequently, policy makers pen articles elaborating the case for entrepreneurial activities. Rightly, the entrepreneur is perceived as an architect of value. Precisely, because of its importance, global policy makers propose the establishment
Africa Needs Conventional Fuels, Not Windmills and Solar Panels
Western elites are using Africa as their little laboratory for renewable energy schemes. Not surprisingly, these initiatives leave Africans in poverty and their economies in tatters. Original Article: "Africa Needs Conventional Fuels, Not Windmills and Solar Panels" This Audio Mises Wire is