Production Theory

“It’s in our interest to have a strong FDA,” said GMA (Grocery Manufacturers Association) President Cal Dooley, a for

Labor Day is supposed to honor all American workers. And every year, union Labor Day rhetoric does just that.

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.