Production Theory

"In short, a striker is a man who says, 'I mean to get my living by doing this thing and no other thing as my share of the social effort, and I do not mean to do this thing except on such and such terms'."

I see a pattern there — a pattern that can mean slavery for free men everywhere if it is not broken.

Social institutions matter most, and they are very wrong now: a huge improvement is possible, and freedom is the answer.

If new capital is the direct product of government spending or the indirect result of its fiscal policy, we are all worse off.

Given that we have rising unemployment, a reduction in minimum-wage rates might bring relief to some unemployed workers.

"The marginal cost of downloads is approaching zero. The access is approaching universal. The capacity for copying is infinite. And the results are everlasting."

Today, the main response to ill-effects of past interventions seems to be to create even greater ones.

Fiat money takes this power out of his hands. The consequence is a greater tendency for capital to be wasted.

Williamson urged me to follow my passions, not to follow the crowd.

Pages 736-751. Narrated by Jeff Riggenbach.