Production Theory

Leisure (the state of not engaging in labor) is a necessary complementary good for consuming other goods. As such, leisure’s status as a consumer good is a priori true, not an empirical assumption.

Joe Biden thinks a centrally planned supply chain for healthcare supplies is necessary, because "We can no longer leave this to the private sector." There are many reasons why this is so very wrong.

Joe Biden thinks a centrally planned supply chain for healthcare supplies is necessary, because "We can no longer leave this to the private sector." There are many reasons why this is so very wrong. 

"Surely, any endorsement of a 'free' market in slaves indicates the inadequacy of utilitarian concepts of property and the need for a theory of justice."

Bob offers his commentary on the movies “The Hunt” and “The Purge”—both produced by Blumhouse Productions—and focuses on whether The Purge storyline offers a challenge to Rothbard’s depiction of anarcho-capitalism.

An individual’s demand is constrained by his production of goods. The more goods an individual produces, the more of other goods he can secure for himself.

An individual’s demand is constrained by his production of goods. The more goods an individual produces, the more of other goods he can secure for himself.

If policymakers finally let a real economic "correction" and recession happen, it means the economy will finally turn toward doing what the consumers actually want.

Capitalists, acting as intermediaries between present production and future consumption, are the key players in every capitalistic economy.

To succeed, entrepreneurs must demonstrate superior foresight and judgment, and practice continuous dynamic improvement in their assembly and reassembly of assets to serve the consumer.