Value and Exchange
Exchange within Society
Man gives to other men in order to receive from them. Mutuality emerges. Man serves in order to be served.
A Medical Revolt Is Coming
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.
Are Equal Pay Arguments Based upon the Labor Theory of Value?
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?
Are Equal Pay Arguments Based upon the Labor Theory of Value?
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?
Are Equal Pay Arguments Based upon the Labor Theory of Value?
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?
Trading with the Enemy: An American Tradition
Murray Rothbard recounts how during the French and Indian War (1754–63), Americans continued the great tradition of trading with the enemy, and even more readily than before.
Economic Aspects of the Pension Problem
In 1950, Ludwig von Mises warned against increasing the costs of labor via pension programs and Social Security. This article is online for the first time.
Ten Recurring Economic Fallacies, 1774–2004
So many to choose from but Scott Trask picks ten of the most glaring economic errors that have bespotted the history of American economic policy.
Why Gold Is More Expensive than Bread
The concept of diminishing marginal utility is the essential building block of economics. But there is a difference in the way this law is discussed by mainstream economics and the Austrian School.