Value and Exchange

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Week in Review: August 19, 2017

Labor and WagesLegal SystemU.S. EconomyMoney and BankingValue and Exchange

Blog08/17/2017
The growth of government comes at the expense of civility.

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How Welfare States Make Us Less Civilized

Labor and WagesPovertyValue and Exchange

Blog08/17/2017
The market’s informal, spontaneous cooperation for mutual benefit has been replaced by a statist mindset.

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A Flat Tax Is Not More "Efficient" Than a Tax System with Loopholes

Taxes and SpendingValue and Exchange

Blog08/10/2017
If we want taxpayers to be more efficient, we should be giving them more tax loopholes. Closing loopholes has the opposite effect.

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Trump’s Maoist Steel Obsession

Labor and WagesProtectionism and Free TradeValue and Exchange

Blog07/04/2017
The wealth of nations is not measured in steel, or in the number of people who make it domestically.

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Will the Work Day Shrink to Four Hours?

Labor and WagesValue and Exchange

Blog06/26/2017
How many hours a job requires depends on the nature of the work. In other words, work is highly heterogeneous.

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Las Vegas: An Austrian View of Land Prices

The EntrepreneurValue and Exchange

Blog06/05/2017
Is buying land a good idea? It's a lot more complicated than simply declaring "buy land, they aren't making it anymore."

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We Don't Need to Create Jobs — We Need to Create Value

Labor and WagesPovertyValue and Exchange

Blog05/29/2017
Wages spring directly from, and are proportional to, the degree in which a job creates wealth by helping to satisfy an unmet need.

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Capital Flows and Ricardo's Law

Global EconomyMoney and BanksMoney and BankingValue and Exchange

Blog04/10/2017
Ricardo's law of comparative advantage is only part of the story when it comes to understanding the benefits of free trade.

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Jeff Bezos Got Rich By Giving His Customers What They Want

The EntrepreneurPricesValue and Exchange

Blog04/07/2017
Jeff Bezos is now rivaling Bill Gates for the richest man in the world title, but only after decades of making everybody else a little bit richer first.

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3 Lessons Learned from Wisconsin's War on Foreign Butter

Taxes and SpendingPolitical TheoryValue and Exchange

Blog04/03/2017
Wisconsin's foreign-butter ban may seem like a small issue, but it illustrates the problems that arise when government limits trade in any way.

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