Why is Bitcoin Valuable?
byThe surge of cryptocurrencies has garnished an array of opinions on the matter. While some people hold a positive outlook, others see cryptocurrency as…
Government not monopolies undermine individuals’ wellbeing
byBy Dr Frank Shostak By popular thinking, monopolies are seen as undermining individuals’ wellbeing. For instance, monopolies are being blamed for causing large increases…
A Primer On Value – for non-investing and investing man
by„Value is … the importance that individual goods or quantities of goods attain for us because we are conscious of being dependent on command…
Lecture on the Austrian School at HEC Paris Business School
byI had the pleasure of giving a lecture on the Austrian School and the future of money at HEC Paris business school. The whole…
Understanding the Montaigne Fallacy
byBy Mark Thornton With the world moving more and more in the direction of trade protectionism and war, it is worth remembering the origin…
Why economic growth causes price decline not increase?
byBy Dr Frank Shostak Some economic commentators are of the view that whenever the economy strengthens it should be the role of the Federal…
Ludwig von Mises and the Austrian Theory of Money, Banking, and the Business Cycle, Part 3
byWhen the English-language edition of Ludwig von Mises’s The Theory of Money and Credit was published 90 years ago, in 1934, the world was in the…
My Most Successful Way to Convert Students to Free-Market Capitalism
byLast weekend, the Libertarian National Convention invited me to give a breakfast address entitled, “My Most Successful Way to Convert Students to Free-Market Capitalism.”…
Ludwig von Mises and the Austrian Theory of Money, Banking, and the Business Cycle, Part 2
byWhen the second German-language edition of Ludwig von Mises’s The Theory of Money and Credit appeared 100 years ago, in 1924, it was less than a…
Ludwig von Mises and the Austrian Theory of Money, Banking, and the Business Cycle, Part 1
byOne hundred years ago, in 1924, the Austrian economist Ludwig von Mises issued a revised German-language edition of his 1912 book Theorie des Geldes und…