Value and Exchange

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Why Profit Is So Important

EntrepreneurshipValue and Exchange

Blog12/27/2017Frank Shostak

Profit has nothing to do with exploitation. It is about the most efficient use of real funding or real savings.

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Man, Economy, and Sexual Harassment

Labor and WagesValue and Exchange

Blog12/06/2017Christopher Westley

New government regulations designed to end sexual harassment would only raise the legal risk of hiring women, and encourage employers to hire more men.

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Capitalism and Asymmetric Information

PricesValue and Exchange

Blog12/05/2017Richard M. Ebeling

It's capitalism and the competitive market that generate solutions to the knowledge problems of the society, including “informational asymmetry.”

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Can We Blame the New iPhone's Mediocrity on Inflation?

Money and BankingValue and Exchange

Blog10/10/2017Per Bylund

To keep up with inflation, Apple needed to raise prices. But they also needed to add features to the iPhone to justify the price increase.

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There's Nothing Moral about Opposing "Price-Gouging"

The Police StatePricesValue and Exchange

Blog09/24/2017Christopher Westley

Opponents of price gouging want to fine and imprison their neighbors for selling their own property at the "wrong" price.

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Think Gentrification Is Bad? The Opposite Is Worse

Value and Exchange

Blog09/13/2017Ryan McMaken

Land has no intrinsic value, and its price can go to zero under various conditions. Nearby owners will soon find themselves wishing for gentrification.