Austrian Capital Theory
Capital is the starting point of economic calculation. Download lecture slides at Mises.org/MU23_PPT_13. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
Gonna Get Along without You Someday
You’re driving on a two-lane road and see cars headed your way. Do you drive off the road to protect yourself or your family? Probably not. You stay on your side, while they stay on theirs. In most cases you’re
Changing the Rules in the Face of Increasing Losses: Initial Thoughts on New Proposed Merger Guidelines
Jennifer Huddleston Much like little children who are losing a game, the Federal Trade Commission (FTC) and Department of Justice (DOJ) have decided to change the rules that govern when they engage in enforcement actions to intervene in mergers. These proposed changes
Calculation and Socialism
In 1920, Ludwig von Mises destroyed the intellectual foundations of the case for socialist central planning. Download lecture slides at Mises.org/MU23_PPT_12. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
Immigration Restrictions are Affirmative Action for Natives
Alex Nowrasteh The recent Supreme Court case about affirmative action in university admissions (SFFA v. Harvard) paralleled a broader social debate over meritocracy. Those opposed to affirmative action broadly say they are supportive of meritocracy. They believe individual achievement should be more
The Theory of Interest
Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action. Download lecture slides at Mises.org/MU23_PPT_11. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money. Original Article: "To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48"
Pennsylvania’s Minimum Wage Conundrum
Pennsylvania has no state minimum wage. Currently, the law of the land is the federal minimum wage that sits at $7.25 per hour. Not having a state minimum wage can be immensely beneficial assuming that the general business climate is
The Pentagon and Me: Curiosity vs. the State
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Entrepreneurship
Entrepreneurship is a general feature of the market economy. Download the slides from this lecture at Mises.org/MU22_PPT_09. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.