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Media and CultureSubjectivismValue and Exchange
Scrooge was wrong, and his Nephew Fred was right. While it's true the benefits of feasting with friends and family can't be calculated in a ledger, that doesn't mean those things have no value.
EntrepreneurshipProduction TheoryValue and Exchange
Many seem to mistakenly think that economic growth has to do with GDP or producing stuff. It does not.
The EnvironmentProduction TheoryValue and Exchange
The concept of "productive complements" shows us how capitalists have long sought to make as much use as they can of every part of the materials they use to make goods.
Production TheoryValue and Exchange
Private entrepreneurs have solved many environmental problems by finding ways to turn garbage into something people were willing to pay for.
Other Schools of ThoughtValue and Exchange
Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.
Bureaucracy and RegulationPricesValue and Exchange
The unintended consequences of government regulation lead to even more government coercion.
Value and Exchange
When people change cities, they are likely to change their consumption patterns — which means a simple cost-of-living index doesn't tell us what it should.
Protectionism and Free TradePolitical TheoryValue and Exchange
In spite of claims they will benefit society overall, interventionist policies designed to benefit certain interest groups ultimately only help certain groups at the expense of everyone else.
PricesValue and Exchange
If local prices are sending the message that everything's perfectly normal, residents may be overly optimistic about the risks they face during natural disasters.
Philosophy and MethodologySubjectivismValue and Exchange
Those who oppose "consumerism" contend it is wrong to give consumers what they want if they want the wrong things.