Mises Institute

Mark Thornton shows why every system that ignored the entrepreneur—from socialism to fascism to modern industrial policy—failed for the same reason.

Time is a unique resource in economics because we cannot create more of it and are subject to its limitations. Ludwig von Mises and the Austrians understand the role of time in economic better than most other mainstream economists.

The Appalachian region, while always relatively poor, had strong families and institutions that held things together. In the aftermath of the expansion of the welfare state and the shrinking of the iron, steel, and coal industries, we have seen social breakdowns and increasing drug addiction.

In this discussion of Rothbard's seminal essay on the nature of the state, "The Anatomy of the State," Ryan McMaken takes a look at the state as a unique organization with a monopoly on the means of coercion.

Government policy regarding patents is based upon the belief that no one would invent anything without some monopoly privileges. There is good reason to question that belief and the resulting policies.

In this week’s Friday Philosophy, Dr. David Gordon revisits Wilmoore Kendall’s The Conservative Affirmation, which takes issue with Abraham Lincoln and his views on equality.

Viewing the Declaration of Independence as the act that created one consolidated American nation is a common historical anachronism, which projects a later nationalist understanding backward onto the founding era.

The Federal Reserve continues to destroy the economy’s savings base through a combination of artificially low interest rates and inflation. This war on savings will not end anytime soon.

Research Fellowships at the Mises Institute in Auburn, Alabama, are available to graduate students and post-docs interested in scientific research in the Austrian school and libertarian political economy.

Ryan McMaken points out that the American "great experiment" failed many decades ago. In fact, the current republic we call "the United States" is clearly a completely different republic than the one founded back in the late eighteenth century. The founding fathers wouldn't recognize it at all.

In attacking progressivism in a recent speech, Clarence Thomas has been pilloried in the media and by politicians and academics. However, Thomas was correct: progressivism has brought one disaster after another, all the while empowering the worst of state actors.