Value and Exchange

Every human action is undertaken in the hope of gaining at least some psychic profit. Profit need not be measured in dollars.

Christopher Westley is blunt about his organization's mission. "I want it to support the productive class of society."

The ability to work long hours is one of the few advantages young people have in the work place.

It is a widespread fallacy that skillful advertising can talk the consumers into buying everything that the advertiser wants them to buy.

The choice between various ways of ‘measuring’ economic variations (and gauging their causes from these measurements) is arbitrary from an economic point of view, and becomes a largely political endeavor.

The taxpayers will complain a little, but they'll be sure to re-elect most of the politicians who gave us this status quo.

The paradox of "planning" is that it cannot plan, because of the absence of economic calculation.

The way that government collects taxes is awful. The process of spending it is even worse.

Man is not evil merely because he wants to enjoy pleasure and avoid pain — other words, to live.

Thanks to government loans, the price of college has skyrocketed in recent years because student loans mean colleges can raise their prices without driving away otherwise-price-sensitive students.