Episodes of Mises U Required Readings

Competition is a process of the formation of opinion: by spreading information, it creates that unity and coherence of the economic system which we presuppose when we think of it as one market.

Excerpted from Individualism and Economi

The broken-window fallacy, under a hundred disguises, is the most persistent in the history of economics. 

Excerpted from Economics in One Lesson, pp. 11-13.

The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence:

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it con

Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.

Excerpted from Economic Freedom and Interventionism.

In a free society there is no other means to avoid the evils resulting from one's fellows' bad judgment than to induce them to alter their ways of life voluntarily. Where there is freedom, this is the task incumbent upon the elite.

Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He shows how exchange rates and interest rates would work in a true free market. When it c

This audio essay, narrated by Gennady Stolyarov II, is the Introduction to The Austrian Theory of the Trade Cycle and Other Essays (pp. 7-24) edited by Richard M. Ebeling.

The audio version of Leonard Read's classic essay. Narrated by Floy Lilley.

This audio essay, narrated by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp. 93-110) edited by Richard M. Ebeling.

Murray Rothbard was the master of reducing complicated theories to their very essence while retaining theoretical rigor, and this essay on Austrian business cycle theory is a case in point. Its continued relevance speaks to an