Capital and interest theory, and its relation to income, is a very complex area of economics. It is also one in which the Austrians have made major contributions, and these unravel current confusions.
John Locke, the Protestant Scholastic, was essentially in the hard-money, metallist, anti-inflationist tradition of the Scholastics; his opponents,
If we were to award a prize for "brilliancy" in the history of economic thought, it would surely go to Anne Robert Jacques Turgot, the baron de l'Aulne (1727–1781). His career in economics was brief but brilliant and in every way remarkable.
Modern economics traces all human actions back to the value judgments of individuals.
For hundreds of years, politicians (like a certain current US president) have pushed the idea that one man’s profit is another man’s lo
Carried through consistently, the right of property would entitle the proprietor to all the advantages that the good’s employment may generat
Indeed, deplorable conditions existed, but one must not blame the factory owners, who did all they could to eradicate them.
The Anti-Counterfeiting Trade Agreement (ACTA) contravenes every principle of civilized society, both in its content and in the nature of the proce
The truth is that capitalism has poured a horn of plenty upon the masses of wage earners, who frequently did all they could to sabotage the adoptio
Shows how Austrian economics is basis of Skyscraper Index, which has correctly predicted most economic and housing crises of 20th century.
