Production Theory

The New England Journal of Medicine has it backwards: it's public, not private, money that skews research agendas.

Why neoclassical economists are wrong to stop short of calling for the full repeal of antitrust. 

Those glitches serve a market function: consumers prefer advanced technology to perfect technology.

In at least one area, the US economic expansion has left a trail of destruction in its wake: on it are members of the profession that pretends to forecast future economic conditions. Gene Epstein of Barron's, speaking at a Mises Institute conference, cited as an example the famous Wall Street Journal survey of economists, published on a regular basis. It represents ten years of solid failure.

The protesters and the Clinton administration are demanding higher wages in the developing world, but this would be the kiss of death for economies around the world. 

The real meaning of Thanksgiving: Plymouth was a socialist colony and it failed miserably.

Edmund S. Phelps is no right-wing extremist. Quite the contrary, he stands at the center of Keynesian orthodoxy in economics. 

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.