Value and Exchange

Displaying 331 - 340 of 944
Frank Shostak
The Fed — and many economists everywhere — believe that giving more people jobs will drive more economic growth. But more employment is useless for economic growth if employed persons are not contributing to real wealth and capital accumulation.
Gary Galles

Political dependence and economic dependence are two very different things. Political dependence is fostered by coercion and monopoly power, but economic dependence is simply a choice we make when we especially like one thing more than the alternatives.

George Bragues

Volume 17, No. 4 (Winter 2014)

Eswar S. Prasad
Princeton: Princeton University Press, 2014, 432 pages

Hunter Hastings

Our daily lives are determined by our choices as individual economic actors. When governments intervene in our personal economics, they intervene in our personal preferences and choices.

Benjamin M. Wiegold

Some music aficionados are complaining that the market's efforts to better deliver what people want are encouraging "bad music." In truth, music markets are providing more opportunities for the making of new music than ever before.

Patrick Barron

True welfare and value can only be achieved through exchange when it is fully voluntary. When the state intervenes to "improve" trade, it destroys value, all the government stats notwithstanding.

Gary Galles

Opponents of free markets sometimes describe market competition of dog-eat-dog, but that metaphor has nothing to do with markets and everything to do with politics and war.