Calculation and Knowledge

"The state has only one role in the novels and it is entirely negative: it makes and enforces the fugitive slave laws."

The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intentio

If pushed too far, Cowen's line of thought could lead to an undue subjectivism, in which people's perceptions and classifications, rather than what actually occurs, would be the sole issues of importance.

Interviewed by Terry O’Neill and Ron Gray on the “RoadKill Radio” internet radio program, Vancouver, Canada; 11 August 2009.

Recorded at Mises University 2009.

"Mises must be compared to thinkers like Voltaire or Montesquieu, Tocqueville and John Stuart Mill."

"Costs of production do not determine prices of goods. Prices of goods determine costs of production."

If the current level of output and employment is made to depend on inflation, a slowing down in the pace of inflation will produce recessionary sym

Sponsored by the Mises Institute and held in Atlanta, Georgia; 26-27 September 1997.

The idea that expanding and integrating the global marketplace exploits the poor is a myth that causes avoidable misery.