Value and Exchange

When people change cities, they are likely to change their consumption patterns — which means a simple cost-of-living index doesn't tell us what it should.

In spite of claims they will benefit society overall, interventionist policies designed to benefit certain interest groups ultimately only help certain groups at the expense of everyone else.

If local prices are sending the message that everything's perfectly normal, residents may be overly optimistic about the risks they face during natural disasters.

Those who oppose "consumerism" contend it is wrong to give consumers what they want if they want the wrong things.

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.

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.

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

Contrary to the Austrian community’s former perception, we revealed value investing’s incompatibility with Austrian economics

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.

Even if everyone were totally charitable, we still could not build a complex economy without the price mechanism provided by markets.