Value and Exchange
1. Scarcity, Choice, and Value
In this first lecture of a series of lectures covering the basics of applied Austrian economics, Joseph Salerno introduces a number of basic concepts including utility, exchange, psychic cost, choice, value, and marginal utility.
US Edges Perilously Closer to World Economy
It seems a certain pizza chain in the American Southwest curre
The Great Can Opener Gap
I’m sick of our economic whiners and their tear-stained statistics.
An Introduction to Value Theory
A wholly voluntary economy results in the greatest general welfare to all the persons of that society.