Production Theory

Paging through The Last Knight, Guido Hülsmann summarizes the

What, then, can be done with economic theory whose models resemble jokes about how many elephants can be fit into a refrigerator? And how, given the overrepresentation of often indecipherable mathematical symbolism, is one to distinguish good economics from bad?

I recently saw Thomas Friedman’s “Addicted to Oil” documentary on YouTube.

Production functions aren’t given. They have to be discovered.

Recorded at Mises University 2007.

Recorded at Mises University 2007.

Recorded at Mises University 2007.

Recorded at Mises University 2007.

On The Washington Post, John McQuaid has determined that the United States is now the

Starbucks just raised prices this past w