Production Theory

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.

Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen, writes Ludwig von Mise

There is no evidence that a market system will bring about a tendency toward monopolistic growth; the state does that.

What the protesters do not realize is that the wealth of the 1 percent provides the standard of living of the 99 percent.

We have to make a fundamental choice: we can either engage in the social division of labor and contribute to our own and society's overall prosperity, or turn our backs on civilization and live the nasty, brutish, and short life that awaits.

From Man, Economy, and State, narrated by Jeff Riggenbach.

From Man, Economy, and State, narrated by Jeff Riggenbach.