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.”
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.
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.
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 starting point for the development of all economic theory is “human action is purposeful behavior.”
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 following reading is a selection from Human Action, Chapter XIX, “The Rate of Interest,” by Ludwig von Mises.
The following reading is selected from Principles of Economics, chapter I, “The General Theory of the Good,” by Carl Menger.
The following reading is selected from Principles of Economics, chapter I, “The General Theory of the Good,” by Carl Menger.
The following reading is chapter 2 of What Has Government Done to Our Money? by Murray Rothbard.
