Production Theory

Part of the Authors Forum, presented at the Austrian Economics Research Conference.

Many of you maybe celebrating St. Patrick’s Day with a cool glass of Ireland’s iconic beer: Guinness.

According to Karl Marx, the motor of the inevitable revolutions in history is inherent class conflict, inherent struggles between economic classes.

There is no fallacy in political economy more widely disseminated than this: import raw materials but protect us from finished goods.

“One of Rothbard’s greatest accomplishments in production theory was the development of a capital and interest theory that integrated t

Tim Jackson, a professor of sustainable development at the University of Surrey, suggests that greater productivity may have reached its “nat

The Marxian doctrine of the alleged arbitrary power of employers over wages appears plausible because there are two obvious facts that it relies on.

The law of returns; convertibility and valuation; labor versus leisure.

Let us trace the relations among consumers' goods and producers' goods by considering a typical human end.

Mises's main renown is as an economist. Yet to me he is a charitable person even more than an economist.