Knowledge, Judgment, and the Use of Property
Hans-Hermann Hoppe A Theory of Socialism and Capitalism Acrobat 3.0 Import Plug-in
Hans-Hermann Hoppe A Theory of Socialism and Capitalism Acrobat 3.0 Import Plug-in
Rothbard shockingly argues that technological invention is relatively unimportant in the progress of civilization. Instead, capital is the far more important, and limiting, factor.
Presented as part of the Mises Institute’s Brown Bag Seminar series on May 26, 2005 in Auburn, Alabama.
Mahoney argues that although Mises correctly conceived of value as an ordinal relation, precluding the possibility of value imputation, in many of his expositions of the market process he adopts a notion of value as a cardinal thing in explaining the task confronting actors in either the planned or unplanned economy.
As the history of the computer mouse shows, the problem is not a lack of technology. The problem is making it economically viable. Stephen Carson gives the example of the computer mouse.
Recorded at the 2005 Austrian Scholars Conference, Mises Institute, Auburn, Alabama.