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Poland: For Now It’s Still a Paper Tiger

Since abandoning socialism 30 years ago, Poland’s economy has grown, as one would expect with a market economy. However, there could be more economic…

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An Austrian Perspective on Lolcows

Lolcows, part of the world of internet personalities, would seem well beyond the world of economic analysis. Yet, much of what happens can be explain…

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The Rise of State-Controlled Medical Care

Episode 2

Timothy Terrell traces the historical origins of the American healthcare cartel, beginning with Ronald Hamowy's 1979 article documenting how the AMA …

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Private Property, Public Purpose

Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to alleviate that poverty. No matter wh…

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Carl Menger, Crown Prince Rudolf, and the Marginal Revolution That Never Was

Carl Menger, founder of the Austrian School of economics, served as the tutor for Austrian-Hungary’s Crown Prince Rudolf, the only son of Emperor Fra…

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The Nationalization of Credit?

The essay added later to the collection: a critique of proposals to nationalize banking and credit, weighing bureaucratic against profit management a…

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Theory of Price Controls

Mises’s focused analysis of price controls: why fixing prices produces shortages and demands for still more controls, and what that reveals for the t…

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Anti-Marxism

How German “anti-Marxism,” including national (anti-Marxian) socialism, absorbed the very Marxian ideas it claimed to oppose, with Werner Sombart as …

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Social Liberalism

A critique of the German “Socialists of the Chair” and their social policy—by way of the Methodenstreit, the clash of control versus economic law, an…

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Does the Free Market Naturally Lead to Price Deflation?

Episode 558

Bob uses U.S. economic history, centering on the greenback era, to work through some subtle but important distinctions in Austrian monetary theory. H…

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