A Picture of Real Economics

08/17/2006 Mises Wire Laurence M. Vance

Which picture is a picture of real economics? Dale Jorgenson of Harvard with his math on the board or the late great Murray Rothbard with the name of Turgot on the board?

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Help Us Publish These Three New Books

04/26/2024 Mises Wire Mises Institute

Please consider helping us publish these three new books: The World at War, Full Reserve Banking vs. Real Bills Doctrine, and Austrian Business Cycle Theory: an Introduction. Everyone giving $500 or...

Low Time Preference Leads to Civilization

04/26/2024 Mises Wire Soham Patil

Time preference refers to the preference of satisfaction in the present as compared to a future time. A person who heavily prefers current consumption to future consumption has a high time preference...

Opposing Military Intervention: Loving Dictators or Hating War?

04/26/2024 Friday Philosophy David Gordon

America Last: The Right’s Century-Long Romance with Foreign Dictators by Jacob Heilbrunn Liveright, 2024; 249 pp. Jacob Heilbrunn, who is the editor of The National Interest , is dismayed that some...

What Is the Purpose of Economic Theory?

04/26/2024 Mises Wire Frank Shostak

Mainstream economists believe our knowledge of the world of economics is elusive, so the criteria for choosing a theory should be its predictive power. If the theory “predicts,” it is regarded as a...

Word of the Day: Performative

04/26/2024 Power & Market Karen Kwiatkowski

The western media are, above all, phraseologists. Managing massive vertically integrated “states” requires the controlled and targeted use of repetitive government approved language, propaganda...

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Laurence M. Vance

Laurence M. Vance is an Associated Scholar of the Mises Institute, columnist and policy adviser for the Future of...

“Army Values”

03/22/2024 Power & Market Laurence M. Vance

Conservatives are upset that the U.S. Military Academy—West Point—has removed the phrase “Duty, Honor, and Country” from its mission statement. The phrase comes from a farewell address that retired...

Police Waste Resources Fighting Victimless Crimes Instead of Real Crimes

10/25/2023 Power & Market Laurence M. Vance

On a recent broadcast of NPR’s All Things Considered, host Ari Shapiro talked with U.S. Representatives Nancy Mace (R-SC) and Barbara Lee (D-CA) about their bipartisan bill to address the backlog of...

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