Value and Exchange

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.

No subject is so much discussed today — or so little understood — as inflation.

Sadly, Borders Group, Inc.

The Mises Institute has consistently favored free trade--the real thing--while criticizing “free-trade agreements” as mercantilism in d

Even if the claims about the alleged crisis in manufacturing were true, the ultimate response is a big "So what?" There is nothing sacrosanct about manufacturing jobs.

Presented at the Austrian Scholars Conference 2008.