"[T]he general principles which regulate our conduct in business are identical with those which regulate our deliberations, our selections between alternatives, and our decisions, in all other branches of life. And this is why we not only may, but must, take our...
human action
Human Action Book Review. Jacob Hornberger & Keith Knight
https://youtu.be/YUpUBt52hXk Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with man’s purposive aiming at the attainment of ends chosen, whatever these ends may be. Ludwig von Mises, Ph.D., Human Action, p. 880...
TGIF: Equal Rights Now!
A pet peeve of mine is the distinction, drawn even by some market enthusiasts, between so-called personal liberty (or civil liberties) and economic liberty. The former, which usually includes freedom of conscience and religion, speech, and press, is thought to be...
Logic, Empiricism, and Prices. Walter Block & Keith Knight
https://youtu.be/Vias-IE6COs ... economic theories cannot be “tested” by historical or statistical fact. These historical facts are complex and cannot, like the controlled and isolable physical facts of the scientific laboratory, be used to test theory. Murray...
An Economy Cannot Be Crippled
Lockdown doesn't cripple "the economy." It cripples people who are trying to live. Strictly speaking, there's no economy. There are people interacting in particular ways regularly.
TGIF: Mises, Ryle, and Me
In 1949, the first year of Harry S. Truman's only elective presidential term, three things happened that were of huge importance ... at least to me. Ludwig von Mises (1881-1973) published Human Action. Gilbert Ryle (1900-1976) published The Concept of Mind. And, oh...
Austrian Economics Explained for Dummies! (Ludwig von Mises)
Why does the government hate Austrian economics? How is economics really philosophy? This school of economic thought explains the boom bust cycle of our economy using simple deductive logic. Using Praxeology, a branch of philosophy created by Ludwig von Mises. It...
The Bureaucratic Revolution
On the Human Action podcast, Jeff Deist interviews William L. Anderson about the Ludwig von Mises classic Bureaucracy. Update: Mises is killing it today. Also check out this great article, "3 Ways to Help Bridge the Racial Wealth Gap," by Jordan Setayesh.
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Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine
Over and over, U.S. government officials and their mainstream media allies called Russia’s 2022 invasion of Ukraine an “unprovoked attack.” The slogan became so overused that people began to ask the obvious question: Why do they protest so much? In Provoked: How...
Israel Winner of the 2003 Iraq Oil War
Domestic Imperialism: Nine Reasons I Left Progressivism
Imagine the Catholic Church (or any person or group of people) doing what the government does every day: Everyone who doesn’t give the Catholic Church 25% of his annual income every year will be put in jail. If he resists the Jesuit officer, the officer has the right...