Commodities as More or Less Salable
It is an error in economics, as prevalent as it is patent, that all commodities, at a definite point of time and in a given market,
It is an error in economics, as prevalent as it is patent, that all commodities, at a definite point of time and in a given market,
From the first, the Massachusetts oligarchy imposed maximum-wage controls, thereby aggravating a shortage of labor. Slavery filled the gap.
Austrian economists have long recognized that the economy is far more complex than simple models capture.
Whether it's diamonds and water or hardbacks and e-books, the only cogent explanation for prices comes from the Austrians, not the classical economists.
From Man, Economy, and State, narrated by Jeff Riggenbach.
From Man, Economy, and State, narrated by Jeff Riggenbach.
From Man, Economy, and State, narrated by Jeff Riggenbach.
Capital, interest, and entrepreneurship all come together in the Austrian explanation of the market price of land.