Mises Institute

While Adam Smith has played an important historical role in the development of economic thought, as Murray Rothbard pointed out, he hardly is the original apostle of laissez-faire economics.

America has a long history of vibrant small business. But small business went into decline in the twentieth century, and it wasn't just due to large scale industrialization. Government has played a big role.

Politicians say they can “fix” the economy. But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems. Ryan McMaken appears on Stossel TV.

Mainstream finance regularly confuses finance, insurance and betting. The Austrian School provides the tools to understand their differences.

Politicians say they can “fix” the economy. But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems. Ryan McMaken is interviewed by John Stossel for this interview about what we can learn from Mises and Hayek.

Critics of markets often argue that capitalism systematically fails consumers. Firms collude, corporations exploit their power, and powerful companies crush

Murray Rothbard’s system was built upon the natural rights of individuals, and tying liberty to property and ownership, not collectivism.