As a student of economics, I was forced to learn the mainstream economics, which means neoclassical and Keynesian economics. But, after attending Mises University, I have decided I learned more real and sound economics at Mises U than I did in four years of taking economic courses as an undergraduate student. Further, I was glad to see that other
One of the fundamental questions in development economics is how an economy grows. As the reader may know, an economy grows by means of economic freedom, which implies property rights and the emergence of markets and exchange ratios (prices). Further, such chains of events bring about economic calculation. However, are such conditions enough for
Ever since the beginning of the American state’s so-called war on drugs, there has been a significant increase in drug potency, which resembles the trend that occurred during alcohol prohibition in the twentieth century. However, what causes such trends? We gain some insight from the Alchian-Allen theorem, which tells us that increases in drug
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.