Value and Exchange

Displaying 1 - 10 of 748

Defending the "Gentrifier"

U.S. EconomySubjectivismValue and Exchange

Blog08/09/2018

Gentrification gets bad press. It would appear that the gentrifier (he who engages in gentrification) is a malign exploiter, a bully, someone who takes advantage of the weak and the poor. And these are the nice things said about him.

Read More

How Liberal Adoption Laws Helped Romania’s Orphans

HealthWorld HistoryValue and Exchange

Blog08/08/2018

People usually recoil at the idea of trading babies for money, but in the wake of Soviet deprivation, easy-adoption laws helped countless orphans in Romania.

Read More

You Can't Run a Government "Like a Business"

Bureaucracy and RegulationFree MarketsEntrepreneurshipValue and Exchange

Blog08/03/2018

Calls for finding efficiencies in government by electing or appointing people to “run it like a business” are futile.

Read More

Three Economics Lessons I Learned from My Dad

The EntrepreneurLabor and WagesProtectionism and Free TradeValue and Exchange

Blog07/25/2018

Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.

Read More

Wages, Unemployment, and Inflation

Labor and WagesValue and Exchange

Blog06/29/2018

There is only one way that leads to an improvement of the standard of living for the wage-earning masses: an increase in the amount of capital invested.

Read More

Problems with Mainstream Theories of Supply and Demand

Value and Exchange

Blog06/28/2018

Despite its great appeal because of its simplicity, the supply-demand graphic as employed by mainstream economics is a tool that is detached from the facts of reality.

Read More

Marx's View of the Division of Labor

Labor and WagesPolitical TheoryValue and Exchange

Blog06/25/2018

The division of labor is what made the West rich and has kept it rich. It's telling that Marx planned to abolish the division of labor altogether.

Read More

Subjective Value Is not Arbitrary Value

SubjectivismValue and Exchange

Blog06/16/2018

The prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.

Read More

Workplace Raids: A Big Problem with Immigration Enforcement

Bureaucracy and RegulationPrivate PropertyValue and Exchange

Blog06/08/2018

Workplace raids against employers of non-government-approved workers make a mockery of private property rights.

Read More

7 Lessons Business Owners Can Learn from Austrian Economics

Monopoly and CompetitionValue and Exchange

As Mises knew, economics "concerns everyone and belongs to all" — and this definitely includes business owners. 

Read More
Shield icon library