Markets, Not Unions, Gave us Leisure
The shorter work week is entirely a capitalist invention. As capital investment caused the marginal productivity of labor to increase over time, less labor was required to produce the same levels of output.
Production Theory
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Who is Jean-Baptiste Say?
Per Bylund explains the many contributions of Jean-Baptiste Say, a precursor to the Austrian School of economics.
Goods Can Never Be Distributed “Equally” — Especially Not In a Socialist Regime
There is no truly equal way to distribute goods. But capitalism offers a way for more people to benefit from the process of bidding for those goods and services.
The Rothbardian Critique of Consumer Sovereignty
Notwithstanding its endorsement by Mises, many modern Austrians reject the notion of consumer sovereignty as an inaccurate political metaphor.
Consumer Sovereignty: What Mises Meant
Mises stressed the primacy of consumer preferences in the determination of precisely which kinds of goods will be produced with society's scarce resources.
A Comparison of Investment and Cash Building of Savings: A Rejoinder
This paper looks at the differences between investment and cash building and if either one offers additional benefits.
A Development of the Theory of the Ricardo Effect
The author rebuilds the theory of the Ricardo Effect around the alternative theses that a decline of investment by both the machine producing industries and the raw materials industries leads to the “scarcity of capital.”
How Sound Economics Birthed the Video-Game Era
Technological know-how is not enough to make a high-tech endeavor successful.
A New Collection on Austrian Economics
This collection provides an overview of several promising developments relating to core problems in Austrian economics.
The Non-Price Effects of Monetary Inflation
The aim of this paper is to examine the non-price effects of monetary inflation.
