Without markets, there is no way to manage scarce resources, and this includes natural resources like forests. Only markets can provide the sort of balanced long-term planning necessary to both utilize and preserve natural resources.
Interviewed by host Paul Molloy, Mark Thornton discusses the consequences of having a minimum salary of $70,000. They also discuss the negative impact of the minimum wage, and how fair wage rates are determined by the market.
Recorded at the Mises Institute in Auburn, Alabama, on 20 July 2015.
Peter G. Klein responds to a recent NPR story by Uri Berliner entitled “Coffee Futures: The Highs And Lows Of A Cup Of Joe”. Dr.
Orders in capital goods have been going up since 2009. Normally, capital goods purchases suggest economic growth, but if the orders are a result of easy money, the purchases point not to wealth creation, but to a bubble.
This lecture by Peter Klein was presented at the 2012 Mises University in Auburn, Alabama. Includes an introduction by Mark Thornton.
Featuring Thomas DiLorenzo, Doug French, Bob Higgs, Yuri Maltsev and Bob Murphy at the Mises Circle in Indianapolis: “Agricultural Subsidies:
In this course, Robert Murphy, author of the study guide to Murray Rothbard's masterpiece, 'Man, Economy, and State', will guide you through the chapters in which the market economy can finally be seen as an integrated system.
