Mises Daily

It is the Mises Institute's great pleasure to introduce Carl Menger's 1871 book Principles of Economics to an online audience.

There are some bright spots in the American economy, but look beneath the surface. Stefan Karlsson warns that the downside of bad policy may have been merely postponed. 

Robert Murphy's prediction of what four more years will bring us: massive spending, massive deficits, and massive debt. After all, that's what Republican presidents do.

Not for the first time in world history, writes Lew Rockwell, US voters on November 3 faced a choice between two varieties of statism, two forms of central planning, two types of duplicity, two approaches to rule by government. One won, one lost, and liberty awaits another day for victory. In this, our times are not unlike the 1930s, when during a crisis just about everyone believed that there were only two political options worth pursuing.

It turns out that our senior legislators somehow are very astute stock pickers, writes N. Joseph Potts. Something very fishy is going on here, and no one seems to care to get the law involved. 

To be an Austrian has become oddly fashionable in recent days, observes Sean Corrigan, judging from the number of news reports thus describing commentators on economic and financial affairs. 

Many say that markets are fine from day to day but not during exceptional events. But Lew Rockwell finds that markets love nothing more than a challenge that offers a profit opportunity.

Should we prefer the "open society" or the free society? Is there a conflict between social cooperation and economic competition? There are the essential questions, writes George Reisman, that are driving debate about the future of economic liberty.

How much of the spectrum should be privatized? All of it, writes B.K. Marcus. Even the vast "beachfront property" held by the military? Yes, all of it. 

Economists of an Austrian bent just can't take off their analytical spectacles, writes Mark Thornton, even when undertaking simple life activities like driving from here to there.