Entrepreneurial Profit and Loss
The following reading is a selection from Human Action, Chapter XV, “The Market,” by Ludwig von Mises.
Articles of Interest
Displaying 21 - 30 of 272
Economic Calculation from Mises’s Socialism
In the following reading from Socialism, Mises explains how money prices are critical for an economy to be an economy, i.e., a system in which production and consumption are economized. Mises concludes, “Socialism is the renunciation of rational economy.”
Enter the Central Bank
Busting monetary myths was easy once we grasped the fundamentals, like the origin of money, the value of money, the optimal supply of money, etc. Rothbard does the same in this reading from The Case Against the Fed.
Deposit Banking
Busting monetary myths was easy once we grasped the fundamentals, like the origin of money, the value of money, the optimal supply of money, etc. Rothbard does the same in this reading from The Case Against the Fed.
Loan Banking
Busting monetary myths was easy once we grasped the fundamentals, like the origin of money, the value of money, the optimal supply of money, etc. Rothbard does the same in this reading from The Case Against the Fed.
The Market and Market Prices
The starting point for the development of all economic theory is “human action is purposeful behavior.”
The Subjective Theory of Value
The starting point for the development of all economic theory is “human action is purposeful behavior.” The following reading is chapter 4 from An Introduction to Austrian Economics by Thomas C. Taylor.
The Rate of Interest
The following reading is a selection from Human Action, Chapter XIX, “The Rate of Interest,” by Ludwig von Mises.
The Laws Governing Goods-Character
The following reading is selected from Principles of Economics, chapter I, “The General Theory of the Good,” by Carl Menger.
The Causal Connections Between Goods
The following reading is selected from Principles of Economics, chapter I, “The General Theory of the Good,” by Carl Menger.
