Thank Goodness for Capitalism
There are thousands of people around the world wishing to live in the average American household, where bread is just a fraction of one’s inc
There are thousands of people around the world wishing to live in the average American household, where bread is just a fraction of one’s inc
Men are always forced to choose between satisfaction in nearer and remoter periods of the future.
Caplan's claim that the value-scale approach is inadequate for explaining these effects is simply an incorrect interpretation of Professor Rothbard's theoretical framework.
Economics is about human choice and action. The praxeological concept of time is not the concept of physics or biology.
Copernicus became the first person to set forth clearly the “quantity theory of money,” the theory that prices vary directly with the s
With an inflationary or deflationary policy, a government does not promote the public welfare, the commonweal, or the interests of the whole nation
Congress decreed that gold and silver dollars should be interchangeable and put upon the Treasury a mandate to keep them equal in value. How?
Economists can say little about population and its size, despite the gloomy views of Malthus. More people are a good thing because of the division of labor. Living standards are higher when populations are higher.