Production Theory

Do natural disasters really produce a boost in production? (Column by Llewellyn H. Rockwell, Jr.)

A seminar with J. Guido Hülsmann focuses on price and value theory, and elucidates fundamental differences between two schools of thought. (A report by James Yohe) 

Imagine how the world would work without private property and market prices. Citing Mises, Investors Business Daily rightly says the result would be chaos.

The Equal Pay Act of 1963 trampled on the rights of states to regulate their own labor markets, by overturning local laws enacted to protect women from working long hours, working at night, lifting heavy objects, and working during pregnancy. In addition, the 1963 law prohibited employers and employees from voluntarily agreeing to separate pay scales for men and women.

How two different economies dealt with the inevitable.

How a Keynesian came to wildly distort the Austrian theory. 

Gene Epstein explains what's wrong with today's most popular economics texts. 

Ed Shanahan on the significance of the Austrian tradition. 

Let us just say we abolish all federal labor law. What happens then?

"Are the interests of the American wage earners in conflict with those of their employers, or are the two in agreement?" The affluence of the rich in a capitalistic economy is not at the expense of the poor. Profits are plowed back into enterprise, benefiting the common man.