Calculation and Knowledge

The following is an edited version of my recent post on a libertarian discussion list.

Economists are everywhere.

Starbucks just raised prices this past w

In his July 1, 2007, New York Times Op-Ed piece,

The essence of the phenomenon of interest is the cost that a lender or an investor endures. This cost stems from the fact that the lender or the investor has given up some present benefit.

From the University of Oregon comes this: A psychologist and two ec

From the newly refurbishment Markets and Data page on Mises.org:

Contrary to mainstream thinking, the Austrian framework shows that it is the importance of various ends that determine the selection of goods by individuals. The means-end framework also shows that the prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.

Free — no matter where it comes from — can help sell.

For years, the environmentalists have been trying to have it both ways, claiming that in the midst of the global warming that they allege, Europe m