Evidence of Controlled Markets

08/20/2003 Mises Wire Roy Cordato

Probably the most outward sign that electricity “markets” are totally perverse and clearly not a free market is that the industry devotes large sums of advertising dollars trying to convince people to purchase less of their product.

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Latest Articles

Economics as a Universal Science

05/18/2024 Mises Wire Wanjiru Njoya

It is often argued in “decolonization” debates that each culture must find its own path to economic progress. In this context, the idea of inclusive economics is that building a diverse society...

Riding the Economic Rollercoaster: The Austrian Business Cycle Theory

05/18/2024 Mises Wire David Jäkle

Imagine the economy as a roller coaster—a ride with thrilling booms that must be followed by the inevitable dread of busts, at least if the booms are artificially enhanced. Welcome to the Austrian...

U.S. Imperialism through the Lens of Mises’ Nation, State, and Economy

05/18/2024 Mises Wire Thomas J. DiLorenzo

This lecture was originally delivered at the 2019 Austrian Economics Research Conference at the Mises Institute in Auburn, Alabama. These imperialistic doctrines are common to all peoples today...

The Money Supply Is Growing Again and the Fed Wants It that Way

05/17/2024 Mises Wire Ryan McMaken

Money-supply growth fell year over year again in March, but March’s decline was the smallest money-supply drop recorded in sixteen months. Moreover, the money supply in March grew—month over month—by...

No, Corporate Profits Don’t Cause Inflation

05/17/2024 Mises Wire Madhusudan Raj

The Guardian reported, A new report claims “resounding evidence” shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their...

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Roy Cordato

Roy Cordato is Senior Economist and Resident Scholar at the John Locke Foundation.

An Austrian Theory of Environmental Economics

06/18/2022 Mises Daily Roy Cordato

Austrian economics lacks a formalized, self-conscious theory of environmental economics. But in fact all of the major elements of such a theory already exist and in that sense what is needed is to...

The Austrian Theory of Efficiency and the Role of Government

11/09/2019 Journal of Libertarian Studies Roy Cordato

Introduction Orthodox public goods theory and its corollary — the standard economic justification for government intervention — have both been based on particular definitions of efficiency and...

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