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The Mises Institute's print publication, The Misesian, goes to all our Members six times per year.

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Read the January–February Issue

Inside This Issue

From the Editor
January/February 2025


The American Revolution struck a heavy blow to mercantilism. Unfortunately, many mercantilist policies persisted under new labels: cartelization, monopoly, regulation, and taxation to support corporate friends. Today we call these neomercantilist practices cronyism and corporatism.

Private Business and State Power in an Age of Bailouts, Censorship, and Easy Money
by Robert P. Murphy

How can we determine if a private company is a true partner of the state—truly benefiting from state power—or if the private company is really a victim of the state?

Faculty Spotlight—Tate Fegley

Dr. Fegley is a Fellow of the Mises Institute and chair of business and economics at Montreat College. In 2023, he joined the Mises University faculty, teaching on bureaucracy in the deep state, political economy of policing, and could AI and big data solve the socialist calculation problem.

Cronyism in America
by Patrick Newman

Through the creation of a dizzying array of regulatory agencies and appointments of favorable personnel, big business successfully established a network of government-mandated cartels and monopolies that protected its interests.

Do We Need a New English Translation of Marx’s Capital?
David Gordon Reviews: Capital: Critique of Political Economy, Vol. 1
Edited by Paul Reitter and Paul North

Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of Nassau Senior, whom he derided as the quintessential “bourgeois” economist.

All past issues of The Misesian available at mises.org.

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