The problem with this assumption is that it is quite impossible to construct a scale of measurement for human preferences — both for individuals and especially for groups of individuals.
Government involvement accounts for the internet's continuing problems, while the market should get the credit for its glories.
Roderick Long talks about value-subjectivism, and where Austrian economics is supposed to endorse a subjective sense of value.
May 8 marks the 1899 birth of Friedrich Hayek. Though best known as an economist, he was acclaimed for contributions in many fields.
Hans-Hermann Hoppe explains the neglected role of insurance in a free market economy. Any insurance involves the pooling of individual risks by the market, a task the state can only distort.
In this excerpt from his new book, Hans-Hermann Hoppe shows how taxation corrupts the political culture and harms social well being.
This essay is based on a chapter of Democracy: The God That Failed.
There is nothing magical or mysterious about the a priori foundations of economics, writes Gene Callahan.
A book-length manuscript based on notes taken by Bettina B. Greaves during the Mises Seminar in New York in the 1960s.
