Shows / Mises Media
Mises Media
Podcasts, interviews, lectures, narrated articles and essays, and more. This is the Mises Institute's primary online media catalog.
Episodes
- Mises Media
All I Want for Christmas is a (Real) Government Shutdown
Those who voted for the omnibus to avoid a shutdown fail to grasp that the consequences of blindly expanding government are far worse than the consequences of…
- Mises Media
Join Us!
There are so many ways to help: a single gift, a convenient monthly credit-card charge, your company's matching gift, or a donation of appreciated securities…
- Mises Media
The Harrison Narcotics Tax Act
Interviewed by host Paul Molloy on the Freedom Works radio program, Mark Thornton discusses how the Harrison Narcotics Tax Act impacted the American public and…
- Mises Media
Bob Murphy: The Case for Private Defense
Recent events surrounding Ferguson, Missouri and the choking death of Eric Garner have brought police misconduct to the forefront. Libertarians rightfully…
- Mises Media
Is There Limit to China's Purchasing Power?
Interviewed by Marina Dzhashi on the Agree or Disagree radio program, Mark Thornton of the Mises Institute and Vladimir Rojankovsky, head of research at Nord…
- Mises Media
Year-End Message
There are so many ways to help: a single gift, a convenient monthly credit-card charge, your company's matching gift, a donation of appreciated securities, or…
- Mises Media
Michael Oliver: Rothbard vs. Rand—Can Anarcho-Capitalism and Objectivism Be Reconciled?
This weekend Jeff Deist welcomes Michael Oliver, and if you like debating Rothbard vs. Rand — or anarcho-capitalism vs. limited government &mdash…
- Mises Media
Politicians to Business Owners: Drop Dead
It's become common for populists to claim that what's good for businesses is bad for workers. It remains unclear, however, where all those workers are supposed…
- Mises Media
Central Banks Are Not Innocent Bystanders
The Economist recently opined that interest rates don't affect investment. This claim is based on an empirical study that contradicts what we already know…
- Mises Media
North Korea: From Hermit Kingdom to Merchant Kingdom?
North Korea is one of the most heavily sanctioned regimes on earth, but in the midst of a new and young generation of North Koreans adept at using black…
- Mises Media
The Economics of Tipping
Many people think that tipping is a results from stingy employers not paying a "living wage." But tipping solves multiple economic problems while making…
- Mises Media
1.10. The Price and Intrinsic Value of a Thing, in General, is the Measurement of the Land and Labor, which enter into its Production
Intrinsic value can be measured by the quantity of land and laborers, taking into account the quality of land and labor. Some goods are produced almost…
- Mises Media
1.11. The Par Value or Ratio between the Value of Land and Labor
William Petty set off the search for a par value between land and labor. Cantillon provides a theoretical answer (referenced in Adam Smith’s Wealth of…
- Mises Media
1.12. All Classes and Individuals in a State Subsist or Grow Rich at the Expense of the Property Owners
Cantillon develops a circular-flow model of the economy that shows the distribution of farm production between property owners, farmers, and workers. Farm…
- Mises Media
1.13. The Circulation and Exchange of Goods and Merchandise, as well as their Production, are Carried On in Europe by Entrepreneurs, and at a Risk
Here Cantillon introduces, for the first time, the theory of entrepreneurship. Entrepreneurs are the prime directors of resources. Their occupations come with…
- Mises Media
1.14. The Desires, Fashions, and Ways of Life of the Prince, and especially of the Property Owners, Determine the Use to which Land is put in a State, and Cause the Variations in the Market Prices of all Things
Cantillon constructs a model of the isolated estate or closed economy where the choices of property owners determine outputs and prices, regardless if they…
- Mises Media
1.15. The Increase and Decrease of the Number of People in a State chiefly Depends on the Taste, the Fashions, and the Ways of Life of the Property Owners
Population is based on the tastes and choices of property owners. Early versions of the Malthusian approach to population growth—that it follows some…
- Mises Media
1.16. The more Labor there is in a State, the more the State is Judged Naturally Rich
The wealth of a nation depends on putting the labor force to work. Those who are unnecessary for farming can be employed in making higher quality products and…
- Mises Media
1.17. Metals and Money, and especially of Gold and Silver
Gold and silver were highly valued before they were used as money. They hold many advantages over other goods such as durability, divisibility…
- Mises Media
1.2. Human Societies
All human societies are based on a system of property rights. The distribution of rights will necessarily be unequal, and the use to which property is put will…
- Mises Media
1.3. Villages
In this first of four chapters on economic geography and location theory, Cantillon explains that settlements are based on the requirements of production…
- Mises Media
1.4. Market Towns
Entrepreneurs establish markets in centrally located villages which provide the necessary conditions under which prices are established between supply and…
- Mises Media
1.5. Cities
Cities form at sites where large property owners have decided to live. Specialization of labor expands to meet the demands of the wealthy. Cities grow even…
- Mises Media
1.6. Capital Cities
Wherever a government establishes its capital, the city will grow in size because the additional spending attracts labor and businesses to service the…
- Mises Media
1.7. The Labor of the Plowman is of Less Value than that of the Artisan
The opportunity cost of becoming a skilled worker includes both the direct expenses as well as the foregone labor during the training period or apprenticeship…
- Mises Media
1.8. Some Artisans Earn More, Others Less, According to the Different Cases and Circumstances
In addition to training and the forces of supply and demand, workers with higher quality skills, risky jobs, or jobs which require trustworthy employees will…
- Mises Media
1.9. The Number of Laborers, Artisans, and Others, Who Work in a State, is Naturally Proportioned to the Demand for Them
The supply of workers adjusts itself to the demand for labor, across all professions, via wage rates, migration, and changes in population. Prosperity cannot…
- Mises Media
2.1. Barter
Because the opportunity cost of a good cannot be fixed, it is impossible to know the proper exchange ratios for barter. This problem is overcome in the market…
- Mises Media
2.10. The Causes of Increases and Decreases of the Interest Rate on Money in a State
The interest rate is determined by the supply and demand for loanable funds, not the supply of money. Savings and frugality decrease the interest rate while…
- Mises Media
2.2. Market Prices
Market prices are determined by the bargaining between suppliers and demanders. Price determination by supply and demand is illustrated with a thought…
- Mises Media
2.3. The Circulation of Money
Farm production produces three rents, one of which sustains the farm workers, while the other two can be sold at wholesale to entrepreneurs who in turn provide…
- Mises Media
2.4. Further Reflection on the Rapidity or Slowness of the Circulation of Money in Exchange
Large transactions can be accomplished with the use of bills of exchange or barter, which reduces the demand for money. Ordinary transactions by people require…
- Mises Media
2.5. The inequality of the circulation of hard money in a State
Rural France was impoverished because commodities had to be sent to the capital and major cities to pay taxes to the state and rents to the property owners…
- Mises Media
2.6. The Increase and Decrease of the Quantity of Money in a State
Here Cantillon uses his price-specie flow mechanism to analyze some of the effects of inflation. Increasing the supply of money by mining hurtssome people and…
- Mises Media
2.7. Continuation of the same subject
When there is an increase in the quantity of money, prices will increase depending on how the new money holders decide to spend their money. The price changes…
- Mises Media
2.8. Further Reflections on the Increase and Decrease of Money in a State
Increases in the supply of money from a balance of trade eventually causes prices to rise. This in turn puts pressure on domestic producers and increases…
- Mises Media
2.9. Interest on Money and its Causes
Interest is established in the market by lenders and borrowers and the interest rate on a particular loan is determined by the risk of default. A loan is…
- Mises Media
3.1. Foreign Trade
Here the circular-flow economy is extended to international trade. Instead of barter or exchange with money, Cantillon explains how international trade takes…
- Mises Media
3.2. On Bills of Exchanges and their Nature
There is an expense associated with transporting money based on the distance, risks, and other transaction costs. Bills of Exchange are a type of contract that…
- Mises Media
3.3. Further Explanations on the Nature of Exchanges
Exchange rates are explained as a function of the balance of trade and other factors. A trade deficit can cause your money to exchange below par, while a trade…
- Mises Media
3.4. The Variations in the Proportion of Values with Regard to the Metals Used as Money
The price of gold and silver and the ratio between them is determined by markets and is also based on their usefulness, cost of production, and transportation…
- Mises Media
3.5. The Augmentation and Diminution of the Denomination of Money
Raising and lowering the nominal value of money is shown not to undermine the theory of the value of money. In contrast, such measures are shown to be methods…
- Mises Media
3.6. Banks and their Credit
Fractional-reserve banking is a system where the banks lend some of their deposits and earn interest. This increases the amount of money in circulation…
- Mises Media
3.7. Further Explanations and Enquiries as to the Utility of a National Bank
National Banks are of little utility and can be the source of economic chaos. The increase in the supply of money that they provide is relatively small and…
- Mises Media
3.8. The Refinements of Credit of General Banks
When the government’s national bank inflates the money supply by increasing the supply of banknotes, it reduces the rate of interest and can increase the…
- Mises Media
How Skyscrapers Can Indicate Economic Contraction
Interviewed by Mo Dawoud of the Wall St for Main St podcast, Mark Thornton explains his prediction of the housing bubble in 2004. They also discuss the…
- Mises Media
Claudio Grass: Will the Swiss Vote for Gold?
This weekend Jeff welcomes back to the show Claudio Grass, the managing director of Global Gold in Switzerland, to discuss Sunday’s historic gold…
- Mises Media
War Making and Class Conflict
Adapted from “Imperialism and the Logic of War Making.” War is the outcome of class conflict inherent in the political relationship — the…
- Mises Media
What A Divided Berlin Still Teaches Us Today
Berlin provides us with an example that comes as close to that of a controlled social experiment as one could probably hope to get, writes Hans Hoppe. This…
- Mises Media
Diversity in Goals Brings Diversity in Value
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these…
- Mises Media
Stalemate, Crisis, and the Triumph of the Modern State
One hundred years ago, the combatants of World War One fought themselves to a standstill. The warring regimes then used the opportunity to clamp down on…
- Mises Media
Obamacare’s Jonathan Gruber and the Superhero Oath
Economists can use their knowledge for both good and evil, and for those in government, such knowledge is often used to deceive and make government programs…
- Mises Media
Chris Casey: The Austrian Investor
Jeff Deist addresses the topic of Austrian investing with Chris Casey, Managing Director of WindRock Wealth Management. If you are an investor and you are…
- Mises Media
State Monopolies Aren’t What They Used to Be
States wish to gain monopolies and maintain them in all facets of life, while entrepreneurs strive to offer alternatives to the state. It's our job to prevent…
- Mises Media
The Cultural and Political Consequences of Fiat Money
Our global system of fiat moneys favors spenders and borrowers over savers. Low—and moderate—income households who wish to save for the future are…
- Mises Media
Woodrow Wilson’s Faith in War
Malcolm D. Magee's new book on Woodrow Wilson examines a much-neglected topic: the role of Wilson's religion in his enthusiasm for war and his goal to…
- Mises Media
Middle-of-the-Road Policy: Lessons from Argentina and Venezuela
Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism. With price controls, protectionism…
- Mises Media
The State of the US Economy
Interviewed by Emil Franzi and Bruce Ash on AM 1030 KVOI in Tuscon, Mark Thornton offers an Austrian perspective on several issues such as Obamacare, the state…
- Mises Media
Jeff Deist: The Case for Optimism
This episode features an abridged audio version of Jeff Deist's talk from the Mises Circle event in Southern California on 8 November 2014. He argues that the…
- Mises Media
Nobel Winner Jean Tirole’s Faulty Views on Monopoly
Economics Nobel Prize winner Jean Tirole still clings to the old neoclassical model "perfect competition" and monopoly, writes Frank Shostak. This audio Mises…