Value and Exchange

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The Bud Light Boycott and Clueless Corporate Executives

The EntrepreneurU.S. HistorySubjectivismValue and Exchange

Blog05/24/2023

Bud Light executives thought customers wanted the beer to partner with a "transgender" celebrity. Or executives simply didn't care what customers thought. In any case, executives are now paying the price. 

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Is Social Justice Just? A Review

Media and CulturePhilosophy and MethodologySubjectivismValue and Exchange

Blog05/05/2023

Modern Western culture is dominated by demands for "social justice." But how does one even define this term, and does social justice even produce justice in the end?

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Altruism vs. Materialism in Market Exchange

Philosophy and MethodologyValue and Exchange

Blog03/04/2023

Other psychic factors being equal, it is to everyone's self-interest to maximize his monetary income on the market. But this maximum income can then be used for either “selfish” or for “altruistic” ends.

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Money versus Monetary Policy

Money and BanksMoney and BankingValue and Exchange

Blog02/17/2023

Money is simple. The political program of monetary "policy" is not.

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Defining a Good: The Intersection of Saint Thomas Aquinas and Carl Menger

Austrian Economics OverviewPhilosophy and MethodologySubjectivismValue and Exchange

Blog01/02/2023

The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.

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Why "Greedflation" Isn't Real

PricesValue and Exchange

Blog11/14/2022

Contrary to myth, businesses can't just set prices at whatever level they want. "Greedy" capitalists can ask for higher prices, but prices mean little if people are unable or unwilling to pay them.

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Cryptocurrency as Money—Store of Value or Medium of Exchange?

BitcoinMonetary TheoryPraxeologyValue and Exchange

Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?

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Wages, Unemployment, and Inflation

Labor and WagesValue and Exchange

Blog09/14/2022

There is only one way to improve the standard of living for the wage-earning masses: increased capital investment.

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A Medical Revolt Is Coming

CapitalismEconomic FreedomInterventionismPricesValue and Exchange

Blog05/17/2022

The absence of market discipline in medicine cannot last. Governments and the medical cartel have successfully used fear to maintain control.  Fear has kept the masses from rising up. Until now. 

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Are Equal Pay Arguments Based upon the Labor Theory of Value?

Free MarketsLabor and WagesPraxeologyValue and Exchange

Blog04/19/2022

Arguments for equal pay are popular in our body politic, but what happens if some of those arguments are based upon the faulty logic of the labor theory of value?

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