6+ hour, 53+ min ago  (443+ words) Mark Thornton shares his recent Rothbard University lecture on the division of labor, the concept Adam Smith made famous as chapter one of The Wealth of Nations but never fully explained. Smith described workers specializing in tasks and productivity rising,…...

2+ hour, 56+ min ago  (270+ words) Ludwig von Mises, who was deeply influenced by Bergson on this question, places time at the very heart of praxeology, which is the science of human action: The next time someone declares a choice to be irrational, one need only…...

1+ week, 2+ day ago  (112+ words) While upholding the radical ideal, Rothbard combined idealism with realism, scholarship with accessibility, and boundless curiosity with commitment to truth. Original article: https: //mises. org/articles-interest/murray-n-rothbard-legacy-liberty Murray N. Rothbard: A Legacy of Liberty While upholding the radical ideal, Rothbard combined…...

2+ week, 13+ hour ago  (152+ words) Murray Rothbard is one of the all-time greats in Austrian economics and libertarianism. When studying his achievements, we immediately see that Rothbard is a giant whose shoulders free-market scholars should aspire to stand on. Original article: https: //mises. org/misesian…...

2+ week, 18+ hour ago  (116+ words) With some simple logic and using Hobbes's own presuppositions and arguments, we can internally critique Hobbes's argument for the state, namely, that the state solves none of the problems he presents. Original article: https: //mises. org/mises-wire/hobbess-self-defeating-theory With some…...

2+ week, 1+ day ago  (151+ words) In honor of Murray Rothbard's 100th birthday, this first-of-its-kind conference features an intensive course of lectures in Austrian economics. Recorded in Auburn, Alabama, on May 1416, 2026. The Mises Institute is a non-profit organization that exists to promote teaching and research in the…...

2+ week, 4+ day ago  (325+ words) Alchian began his seminar by reading a paragraph. It was a paragraph about property, and he asked if anyone in the group could identify it. I was the only one; I recognized immediately that that was from Mises' Human Action....

2+ week, 4+ day ago  (217+ words) While he was never mentioned in West German economic textbooks, his name figured prominently in Commie East Germany. In one of these textbooks, you could also find some detailed criticisms of Western, so-called bourgeois economics and economists, among them Friedman…...

2+ week, 4+ day ago  (267+ words) Keynesian macroeconomics had displaced Austrian business cycle theory and solidly established itself as mainstream macroeconomics. Meanwhile, most of the economics profession sided against the Austrian School in the socialist calculation debate. By the 1940s, the Austrian School was left behind as…...

2+ week, 4+ day ago  (325+ words) I thought that before turning to the present-day literature, it would be helpful to take a look at the state of monetary thought at the outset of World War I, in order to appreciate the progress that had been achieved…...