How to Vote for Liberty
Voting is controversial among Austro-Libertarians for many reasons. However, if one does choose to vote, one should understand that the state is never constrained by the voters and cannot be…
It’s Good to be Skeptical of Elections
Tales of voter suppression, conspiracies, and outright fraud have Americans across the political spectrum worried about the security and legitimacy of next month’s election. As with many other government-controlled institutions,…
The Secret Economic Theory Behind the $100,000 Birkin Bag
The article explores how Austrian Economics explains luxury marketing, using the iconic Hermès Birkin bag as a case study to illustrate Carl Menger’s Theory of the Good and Ludwig von…
Americans Trust Trump on Economy, but “Experts” Don’t?
Jonathan Newman is interviewed by Andrew Wilkow.
Copernicus Was Also Right in Economics
Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also made a number of astute observations about economics.…
Peace as a Prerequisite for Civilization
While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes, as war leads to destruction of…
Why People Pay Higher Prices for Some Goods Relative to Others
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to…