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Recorded at the 2022 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 18–19, 2022. The Murray N. Rothbard Memorial Lecture, sponsored by Steven and Cassandra Torello. Includes audience question and answer period.  The Austrian Economics Research Conference

One of the most notable economists and social philosophers of the twentieth century, Ludwig von Mises, in the course of a long and highly productive life, developed an integrated, deductive science of economics based on the fundamental axiom that individual

While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals. Original Article: "Patents, Legal Monopolies, and the High Prices for Drugs" This Audio Mises Wire is generously sponsored by

Each century presents its unique set of problems for lovers of freedom, peace, and prosperity. While the great vanguards of liberty in the twentieth century dealt with the looming shadow of centralization and were engaged in a battle against socialists and statists

Medical care in the US exemplifies how the perverse effects of accumulated, self-reinforcing economic errors can render a system dysfunctional for consumers. As CEO of Medicus Healthcare Solutions, Joe Matarese has seen the current system from the inside — working

Sanctions remain popular because they placate the voters who insist "we" must "do something," and government officials are more than happy to accept this invitation to grow state power. Original Article: "Why Sanctions Don't Work, and Why They Mostly Hurt Ordinary

In many ways, the liberal democracy that had its roots in nineteenth-century liberalism seems to have run its course. Can we revive it, or does something more authoritarian take its place? Original Article: "The Progressives' Liberal Democracy Has Failed. Radical Decentralization

During the Cold War, people were shocked to see the Soviet Union lock up dissidents in state mental institutions because being against socialism was “proof of mental illness.” Soviet psychiatrists were condemned for violating the Hippocratic oath, with one of

President Harding wanted to see the end of war and a return to a more traditional American foreign policy. Original Article: "The Triumphant Foreign Policy of Warren G. Harding" This Audio Mises Wire is generously sponsored by Christopher Condon.

The term “hedonics” is derived from ancient Greek and basically means “pleasure doctrine”. It is also the doctrine which the Bureau of Labor Statistics (BLS) applies when calculating the price indices and for the computation of the real gross domestic