Value and Exchange

"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."

Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice.

"We would not expect money to be paper, national, or under the control of any entity."

Man gives to other men in order to receive from them. Mutuality emerges. Man serves in order to be served.

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. 

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?

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?

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.

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.

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.