Value and Exchange

The times are past in which one could naively teach the cost theory without getting involved in more precise explanations concerning in particular the origin of the value of the cost goods

Mises created an artificial construct, the evenly rotating economy (ERE), from which to ascertain the source of entrepreneurial profit and loss. In particular, the ERE is characterized by two distinct elements. 

The law of association as espoused by David Ricardo and generalized by Ludwig von Mises cannot directly convey what is at stake in exchanges involving specialization in uncertainty bearing. 

One of the most important areas in which Cantillon influenced J. B.

Professor Spengler refers to Richard Cantillon as the first of the modems. Professor Tarascio presents him from a current perspective.

The influence of moral philosophy on the rise of laissez faire is a topic that several scholars have examined.

Over the span of one hundred and fifty years, dissatisfaction with one or more of the fundamental postulates of theoretical economics has given imp

Fueled by almost frantic efforts to adjust and adapt in the face of intense inter- national competition, American industry undertook an immense cor

Volume 21, Number 3 (Fall 2001)

George Reisman is interviewed about his interest in Ludwig von Mises at a young age as well as his many enc

Volume 6, Number 3 (Fall 1986)

Robert B, Ekelund, Jr discusses Friedrich von Wieser’s book, Social Economics.