Prices

A seminar with J. Guido Hülsmann focuses on price and value theory, and elucidates fundamental differences between two schools of thought. (A report by James Yohe) 

The internet provides a remarkable test case of the free market. What have we learned?

In wonderful if unintended backfire, regulatory threats create a boom in sales. (Commentary by Llewellyn H. Rockwell, Jr.)

Another favorite fallacy of Al Gore.

Murray Rothbard once asked Ludwig von Mises at what point on the spectrum of statism can a country be designated as "socialist." To his surprise, Mises said that there was, indeed, a clear-cut delineation: the stock market.

Taxes distort the price system and always alter behavior away from the free-market ideal. That is why, as J.B. Say said, the best tax is always the lowest tax. But in recent years, state and local governments have been using the tax system, along with direct subsidies of all sorts, to influence where particular firms locate, all in an effort to generate more growth and thus more tax revenue. Can states and localities really "buy growth" for themselves through this means?

The Equal Pay Act of 1963 trampled on the rights of states to regulate their own labor markets, by overturning local laws enacted to protect women from working long hours, working at night, lifting heavy objects, and working during pregnancy. In addition, the 1963 law prohibited employers and employees from voluntarily agreeing to separate pay scales for men and women.

Why they do and should rise on Valentine's Day.

Is antitrust policy science or the same old racket?

Mises on monopoly prices in the new Quarterly Journal of Austrian Economics.