Economic Action Beyond the Extent of the Market
Per Bylund presents the 2017 Murray N. Rothbard Memorial Lecture.
Praxeology
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Broke and in Debt? Join the Club
Nearly half of Americans have no money for even moderately serious emergencies. This results from decisions we've made, both personal and political.
Human Action Beats Stats in the Super Bowl
We study probability and statistics for the same reason we study economics: we want to make sense of the world.
The Ethics of Entrepreneurship and Profit
With a state in existence, ultimately, all private property becomes state property.
The “Lucas Critique” Is Misesian at its Core
Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.
Review of Choice Cooperation Enterprise and Human Action by Robert P. Murphy
Murphy seeks to provide the reader with a "modern, condensed treatment of Mises's Human Action.
Stiglitz Is Wrong About Marginal Pricing
Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.
Everyone Wants Profits — Including “Non-Profit” Groups
Every human action is undertaken in the hope of gaining at least some psychic profit. Profit need not be measured in dollars.
