Mises U Required Readings

What is the correct analysis, from a libertarian point of view, of governmental action in the face of the coronavirus? Is the state justified in imposing quarantines or vaccines to cure this disease?

Judgments of value do not measure: they arrange, they grade. If he relies only on subjective valuation, even isolated man cannot arrive at an economic decision based on more or less exact computations in cases where the solution is not immediately evident. To aid his calculations he must assume substitution relations between commodities. That's where exchange value and prices come in.

There is no other means to attain full employment, rising real wage rates and a high standard of living for the common man than private initiative and free enterprise.

Inflation can always give only a temporary fillip to the economy, and will leave us with a legacy of postponed adjustments and new maladjustments which make our problem more difficult.

Attacking the current political leadership and virtually every element of government policy, Rothbard explains why he still has confidence in the future of America.

First published in the December 1958 issue of The Freeman, "I, Pencil: My Family Tree as Told to Leonard E. Read" is written from the point of view of an Eberhard Faber pencil.

Competition is a process of the formation of opinion: by spreading information, it creates that unity and coherence of the economic system which we presuppose when we think of it as one market.

Murray Rothbard was the master of reducing complicated theories to their very essence while retaining theoretical rigor, and this 1969 essay is a case in point.

In 1951, Mises gave an outstanding paper that made the summary case for the price system under capitalistic economic systems. In “Profit and Loss,” he explains how cost accounting is the critical institution that ferrets out social waste...

The fundamental dogma of all brands of socialism and communism is that the market economy or capitalism is a system that hurts the vital interests of the immense majority of people for the sole benefit of a small minority of rugged individualists.