Reply to Machaj

01/15/2004 Mises Wire Paul Craig Roberts

If Mateusz Machaj were correct that “there is no difference between mobility of factors of production inside or outside a ‘country,’” there would be no subject matter for international trade theory. All trade would be regional trade.

What Is The Mises Wire?

Mises Wire offers contemporary news and opinion through the lens of Austrian economics and libertarian political economy.

Submitting articles to Mises Wire

Reprints, Permissions and Copyrights

The views expressed on Mises Wire and mises.org are not necessarily those of the Mises Institute.

Subscribe to the Mises Wire

Latest Articles

Disparate Impact Is a Legal Trick

11/23/2024 Mises Wire Wanjiru Njoya

One of the most destructive fallacies of critical race theory is its insistence that racial disparities are caused by discrimination. The CRT premise is that any gap in racial attainment calls for an...

Liberty Squandered: The English Tradition from Magna Carta to Empire

11/23/2024 Mises Wire Vibhu Vikramaditya

The identity of a people often shapes the nature and trajectory of their government. In England, a deep-rooted belief in individual liberty has profoundly influenced the nation’s legal and cultural...

Distress in Commercial Real Estate Bonds Hits All-Time High

11/22/2024 Mises Wire Artis Shepherd

Commercial real estate continues to suffer despite the Federal Reserve’s attempt at ameliorating the capital markets with a 50-basis point rate cut in September. The pain is especially apparent in the...

Draper on War: When Is War Just?

11/22/2024 Mises Wire David Gordon

War and Individual Rights by Kai Draper; Oxford University Press, 2016, xii + 254 pp. Many people make fun of analytic philosophy because of its use of imaginary cases, often elaborated with what...

Logs Only Roll In One Direction: Fighting Kinetic Energy

11/22/2024 Power & Market Jim Fedako

Before anyone gets their hopes up about a reduction in government expenditures resulting from the upcoming Department of Government Efficiency (DOGE), remember that, once rolling, a log rolls in one...

Meet the Writer

Paul Craig Roberts

Drewnowski’s Economic Theory of Socialism

07/20/2005 Articles of Interest Paul Craig Roberts

“Drewnowski’s Economic Theory of Socialism,” Journal of Political Economy , Vol . 76, No. 4, Part I (July/August 1968), pp . 645–650.

Free Trade: The Current Debate

03/18/2004 Paul Craig Roberts Jörg Guido Hülsmann Mark Thornton Joseph T. Salerno Randall G. Holcombe

Paul Craig Roberts debates Free Trade at the 2004 Austrian Scholars Conference.

Subscribe to our Mailing Lists

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member