An Economic Review of the Patent System

Tags: Interventionism, U.S. Economy

07/20/2005 Articles of Interest Fritz Machlup

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Study commission by the Subcommitttee on Patents, Trademarks, and Copyrights of the Committee on the Judiciary, U.S. Senate, 85th Congress, second session. Washington, D.C., 1958.

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What Economists Do and Why They Do It

04/02/2025 Power & Market Jonathan Newman

Stephanie Kelton made a jab (it was, admittedly, funny) at Austrians in response to the Anti-MMT panel at the Austrian Economics Research Conference. She said, “MMT is a JG for Austrians.” “JG” is...

Inflation as a Centralizing Force

04/02/2025 Mises Wire David Brady, Jr.

Which came first: the chicken or the egg? Inflation or the managerial class? Inflationism is as much a tool as it is an ideology and a phenomenon. Inflation, of course, promotes consumption at the...

Trump’s “Liberation Day” Tariffs are a Mistake

04/02/2025 Mises Wire Connor O'Keeffe

Today, April 2, 2025, is what Donald Trump and his team are calling “Liberation Day.” Because later, the president will host an event in the Rose Garden to sign reciprocal tariffs that, in the words...

Federal Spending in 2025 Is on Track to be the Highest Ever

04/01/2025 Power & Market Ryan McMaken

For the first five months of the 2025 fiscal year, federal spending is coming in at the highest level ever. This is true even when we adjust for CPI inflation. This largely reflects Biden-era spending...

If Only FTX Could Use the Fed’s Accounting

04/01/2025 Mises Wire Douglas French

The Federal Reserve continues to lose money—$77.6 billion last year according to the Wall Street Journal. The previous year the nation’s central bank lost $114.3 billion. And, there is no end in sight...

Meet the Writer

Fritz Machlup

Fritz Machlup (1902–1983) was an Austrian-American economist. He was one of the first economists to examine knowledge as...

Ludwig von Mises: A Scholar Who Would Not Compromise

02/23/2022 Mises Daily Fritz Machlup

There are learned people, even students of economics, who know little or nothing about Ludwig von Mises. And there are those who have erroneous or distorted knowledge of him, acquired from superficial...

The Inferiority Complex of the Social Sciences

05/04/2012 Mises Daily Fritz Machlup

Very young children are forgiven when they misbehave and do silly things. Perhaps social scientists wish to claim this privilege of childhood.

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