Equilibrium

Do Markets Ever Reach Equilibrium?

Equilibrium is an imaginary construct that should be used only for analytical purposes. Unfortunately, mainstream economists have claimed it should represent a desired state of economic affairs. Austrian Economists know better.

Gold central bankers

Central Bankers Disagree About Gold

Prominent central bankers have given conflicting statements concerning gold. What soaring gold prices might indicate is that the worldis now turning to gold.

Mises WireVincent Cook
Government

Politics and Government: The Weakness of the State

Thinking clearly about the state requires us to thinkdifferently than what is typically believed. The state is not a “necessary evil,” but rather it is just evil.

Friday philosophy

The Futility of Utility

Mainstream economics is obsessed with “maximizing” so-called utility functions and discovering the ubiquitous “social utility curve.” In this week’s Friday Philosophy, Dr. David Gordon takes apart this “utility” fixation.

Roosevelt

Hoover was an Economic Interventionist—That was the Problem!

Even as historians have softened on their outlook on Hoover, they usually still manage to avoid the obvious connection between interventionism and lack of economic recovery.
Joshua Mawhorter
fam

Why “Pro-Family” Government Programs Don’t Increase the Fertility Rate

The phenomenon of falling birth rates is due to factors far beyond the mere cost of living, and state-funded benefits for childrearing activities have failed to increase fertility rates.
Ryan McMaken
Tyranny

Minarchism: The Worst Kind of State Idolatry

Is minarchism an antidote for the growing statism and socialism infecting our body politic? Think of it as “statism lite.”
Per Bylund
Socialism

Socialism Is a Political Doctrine, Not an Economic One

Socialists claim they just want to create a more “just” and “equitable” economic system. In reality, socialism is a political system that uses economic rhetoric.
William L. Anderson
BNPL

The Hidden Costs of “Buy Now, Pay Later” Culture

The modern debt culture—underwritten by the Federal Reserve’s expansionary policies—is not only harms capital development, but it also encourages short time preferences, which diminishes the structure of production.
Hunter Smathers
A red line graph trending upwards

How to Actually Solve the Affordability Crisis

Politicians in both parties are promising to address the affordability crisis. But neither is focusing on, or even discussing, the true causes. Here’s what they are and how to fix them.
Connor O'Keeffe
The Misesian
In the latest issue of The Misesian, we give readers a sense of what happens at Mises University by featuring lectures and photos from the event, as well as testimonials from students.
TM cover Sept Oct 2025
Human Action Podcast

Interest Is Not the Marginal Product of Capital

Bob revisits capital and interest theory to show why the textbook result “interest = MPK” only holds in a one-good world, and why in actual markets the interest rate emerges from time, prices, and

Robert P. Murphy
Minor Issues

The Seven Deadly Economic Sins

Seven “economic sins” share one root: monetary inflation—fueling higher prices, inequality, debt, war, and even moral decay.

Mark Thornton
Power and Market Podcast

Jobs Numbers, Dick Cheney, and Thanksgiving Turkey

On this episode of Power & Market, Ryan, Connor, and Tho discuss the latest jobs number data, what it means for the affordability crisis, the legacy of Dick Cheney, and Thanksgiving favorites."

Human Action Podcast

What Makes Economics Scientific?

Prompted by an online debate about whether economics belongs with the hard sciences, Bob reviews common defenses of mainstream practice and explains why they don’t settle the scientific status of t

Robert P. Murphy
Mises Book Club
Various Locations

This fall, students from across the US are participating in Mises Book Clubs led by scholars at various universities and colleges. These student groups promote deep reading in Austrian economics.

Mises Circle Oklahoma City 2026
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Oklahoma City, Oklahoma

Join Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell for our first event of 2026.

Libertarian Scholars Conference 2025
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Auburn, AL

Join us in Auburn in March for Libertarian Scholars Conference 2026.

AERC 2024
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Auburn, AL

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.

Economics for Beginners

Our Complex World

Complexity: Liberty vs. Power

Can we find freedom and opportunity in an uncertain future? This series explores the complex systems that shape our world.
American Empire

America: From Republic to Empire

"War is the health of the state." —Randolph Bourne
The Costs of the Progressives

Progressivism

The battle between American individualism and modern progressive collectivism.
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute