13 Examples of the Benevolence of Capitalism
If allowed to function freely, capitalism is hard-wired to distribute resources to as many people as possible at affordable prices. You don't have to be rich to participate in the bounty.
Capital and Interest Theory
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Richard Cantillon: An Introduction
Jevons called Cantillon's Essai the "Cradle of Political Economy." It was one of the few books quoted by Adam Smith and it deserves reading by any serious thinker of political economy today.
Who Is Eugen von Böhm-Bawerk?
A member of the “second generation of the Austrian school of economics,” Eugen von Böhm-Bawerk (1851–1914) and his works are discussed by Peter Klein.
“Price Stability” Is a Trick — It Actually Ruins Wealth
The Fed's policy of price stability, as in the 1920s, may catch economists again unaware of the damage inflicted by this policy.
New-Product Research and Development: The Earliest Stage of the Capital Structure
Deepening the understanding of the capital structure by unpacking the process that coordinates capital within the new-product R&D stage of the capital structure is the purpose of this paper.
Our Obsession with Consumption — while Ignoring Saving and Investment — Is a Big Problem
Without saving and investment, there can be no material progress — which is necessary for cultural progress and flourishing.
