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Welcome to the Austrian Economics Wiki, the global repository of classical-liberal thought that anyone can edit The Austrian Economics Wiki is an independent continuation of the Mises Wiki, a wiki project dedicated to the advancement of the Austrian School of Economics and related thought. The original was founded on 5 November 2010 and was sponsored by the Ludwig von Mises Institute. This site is maintained independently and is not affiliated with, endorsed by, or sponsored by the Mises Institute. Its 1,416 articles are the Mises Wiki corpus as it stood in February 2014, restored here with full revision history and original authorship. Editing is closed while the project is being rebuilt. See the about page and the community portal for more about the project.

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Randomly featured article Democracy is a government in which the majority of people exercise sovereignty either directly, through ballot measures or town hall-style meetings, or indirectly, through elected representatives. Ludwig von Mises favored democracy because he believed that a minority would, in the long run, be unable to rule over a majority that refused to acquiesce. Mises viewed democracy as a means of avoiding needless bloodshed and destruction by allowing the majority to peacefully take the reins of power, without resort to violent revolution. Some later economists in the Austrian school, such as Hans-Hermann Hoppe, author of Democracy: The God That Failed, have argued against this view. Murray Rothbard points out in Power and Market that there are many factors besides numerical strength of the participants that decide civil wars. For example, the participants' physical strength, military training, enthusiasm and bravery would factor into the outcome. One might even use money as a shorthand for military victory, since the side with the most wealth can afford the best equipment and training and to pay high enough salaries to attract high-quality professional, volunteer soldiers rather than conscripting illiterate, destitute peasants; and thereby prevail even against a numerically superior enemy. (more...) Today in history Add an event!

New articles Human trafficking Restitution Liberty.me Solomon-Lautenberg amendment Incapacitation Charles Dickens Freedom of association Princess Navina Right to travel Crimes in which the victim is also an offender Commoner Jeff Deist Do We Live in a Police State? Private ownership of the means of production Priceless Independent Institute Students for Liberty Less Antman LP News Cost-benefit analysis Medical cannabis in Virginia Genocide Eumemics Eugenics Ubiratan Iorio Garet Garrett Gift card Money substitutes John T. Flynn Disorderly conduct Nazism Resource-based economics Ersatz Positivism Axiom Overpopulation Capital punishment School choice Sunk cost Non-monetary inequity Godfrey Bloom Liberty Tolerance Terms used differently in economics and in finance Japanese Shōwa Financial Crisis of 1927 Patient Protection and Affordable Care Act Bryan Caplan Naturism Hostile takeover Middle class Secret ballot Larken Rose Tax evasion LessWrong Austerity Poundage Detroit Andrew P. Napolitano Drug prohibition Drug legalization The 60 most recently created articles in this archive, newest first. The wiki was frozen in February 2014; see Special:NewestPages for the full browsable list.