Other Schools of Thought

The labor theory of value cannot explain the price of a single commodity. Can it, however, explain the pattern of such prices? No.

To "believe in" the president, one would have to believe that the source of America's greatness is the welfare state he enthusiastically defends and promotes.

Duncan Weldon of the  London <em>Guardian</em> provides a highly useful summary of the Keynesian case — a fine mixture of familiar old canards and creative new errors.

Marx said that the key to the communist world is <em>not</em> a principle of the distribution of goods but the eradication of the division of labor.

Do you know the meaning of the words you use?

I think Murray Rothbard would have liked Christian Bale's portrayal of Bruce Wayne.

Free trade reduces the urge to go to war.

Ralf Bader has given us an excellent guidebook to Robert Nozick's Anarchy, State, and Utopia.

It is the poor nations in Africa and elsewhere that are in the greatest need of free enterprise.

President Obama called a budget proposal of his Republican opponents in Congress "thinly veiled social Darwinism." Mises guides us to the proper response.