Value and Exchange

Recorded at the Mises Circle at Furman Universityon November 13th, 2010.

John Locke, the Protestant Scholastic, was essentially in the hard-money, metallist, anti-inflationist tradition of the Scholastics; his opponents,

If we were to award a prize for “brilliancy” in the history of economic thought, it would surely go to Anne Robert Jacques Turgot, the

Jeffrey Tucker interviews Stephan Kinsella, instructor of the Mises Academy’s forthcoming course, “Rethinking Intellectual Property: Hi

Thomas Mun set forth what would become the standard mercantilist line.

The question of the relation of cost to value is properly only a concrete form of a much more general question — the question of the regular relations between the values of such goods as in causal interdependence contribute to one and the same utility for our well-being.

In the conviction of the inadequacy of the classical political economy, the Austrian economists and the adherents of the historical school agree. But in regard to the final cause of the inadequacy, there is a fundamental difference of opinion that has led to a lively contention over methods.

It is good luck for the laborer if market conditions are such that a kind of work he is able to perform is lavishly remunerated; it is chance, not

Labor is a factor of production. The price the seller of labor can obtain on the market depends on the data of the market.

Employs graphical analysis to demonstrate many ways in which US minimum-wage legislation caters to special interests and exploits voters’ lack of e