Prices

Increased capital in proportion to labor is the only means of producing more without the number of workers increasing.

The Royal Swedish Academy of Sciences has decided to award The Sve

So the Times has

Recorded at Mises University 2007.

Starbucks just raised prices this past w

The CPI release this month features its usual aggregation and concludes that prices are r

The essence of the phenomenon of interest is the cost that a lender or an investor endures. This cost stems from the fact that the lender or the investor has given up some present benefit.

In the history of money, bartering was awkward because wants were not divisible. Direct exchange depended upon a double coincidence of wants. Demand for a medium of exchange grew until a general medium of exchange emerged, like gold and silver.

Factors of Production are economic goods: scarce means used to achieve an individual’s ends. They are land, labor and capital. Each is examined. Incomes are earned by factor owners as production takes place. There is no separated production and distribution.

As with all government intervention, price controls do not achieve what their originators think they will. Trying to maintain a supply of milk by putting a price control on it will cause shortages, which are the very situations the price manipulators said they wanted to avoid.