Value and Exchange

Recorded at Mises University 2008.

Recorded at Mises University 2008.

From Economic Calculation In The Socialist Commonwealth. Pages 3-10 in the text, as narrated by Gennady Stolyarov II.

The only real answer here is to let the free market rule, which is another way of saying that people should be free to come to their own negotiations about the prices they are willing to pay or accept for this and that.

Chris Anderson, a well-known business guru in the world of online commerce, imagines a world in which all internet services are free.

With time rightly identified as a scarce resource, economic theory is needed to understand the interchange process. And there is no place for the "freeconomics" of Chris Anderson.

It seems that we may never rid ourselves of the broken-window fallacy, writes Mark Thornton.

In the context of the recent spike in oil prices, this clip from Glenn Beck show might be of interest to some.

In sum, the real cause of continually rising food prices is the printing of money by world governments. And the real cause of actual food shortages is the prevention of profitable global trade in food by the ill-advised policies of the governments of the very people who are starving.

I surely should have heard about J.B. Say’s Catechism on Political Economy, but in fact I don’t recall knowing about it.