A Theory of Interest
Originary interest does not spring from the passing of time, but from the value relationship between means and ends. the means of action are inherently less valuable than the ends they serve.
Originary interest does not spring from the passing of time, but from the value relationship between means and ends. the means of action are inherently less valuable than the ends they serve.
Engelhardt’s analysis implicitly assumes away the presence of diminishing returns. Diminishing returns have long been at the heart of growth theory
This paper represents the initial phase of a larger study which will present the outline of an analytical model of the structure and dynamics of th
This paper contends that Adam Smith meant what he said; human nature is ennobled by the cultivation of its lands, the advancement of its manufactur
The present article is a slightly expanded version of one of the critiques of Professor Laurence S.
Bankruptcy law is a system of interventionary legislation which interferes with the ability of individuals freely to establish the terms of loan co
Robert Nozick, in Anarchy, State, and Utopia presented his by-now-famous view that “a minimal state, limited to the narrow functions
In “Government Regulation and Intergenerational Justice,” Rolf Sartorius argues that some government regulation is justified in order t
The primary purpose of this paper is to contrast Austrian and conventional concepts of cost.
In this paper, Antony Flew discusses Marx and Engels, Adam Smith, and social science.