Austrian Economics
Contributor's Links: Mises Institute

The Mises Institute exists to promote teaching and research in the Austrian school of economics, and individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. These great thinkers developed praxeology, a deductive science of human ... more

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Government "Fixes" For The Trade Balance Are Far Worse Than Any Trade Deficit
In December 2019, the US trade account balance stood at a deficit of $48.9 billion, against a deficit of $43.7 billion in November and $60.8 billion in December 2018.
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The Economy Is Not A Factory - Nor Should We Try To Make It One
A common issue with economists and political economists from left to right is that they misunderstand the market economy as simply being a set of production processes.
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South Korea’s Neo-Mercantilist Growth Engine Has Stalled
Capital accumulation and productivity growth are the outcome of free market investment and not of government spending. This is well known to Austrian school economists.
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How Keynesian Ideas Weaken Economic Fundamentals
Whenever there are signs that the economy is likely to fall into an economic slump most experts advise that the central bank and the government should embark on loose monetary and fiscal policies to counter the possible economic recession.
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Savings Vs. Money: Which Is More Important?
Conventional wisdom holds that savings is the amount of money left after monetary income was used for consumer outlays.
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The True Costs Of Bad Economists, Explained
Economics is about economizing. Without the unseen, there is no proper choice and no economics. There is only a fairytale.
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Does China Have Enough Gold To Move Toward Hard Currency?
Were the Chinese to take a turn toward hard-money policies, it is hard to see how the US could match a sound-money plan from China.

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