Value and Exchange

Displaying 721 - 730 of 949
Dominick Armentano

The medical marijuana case decided June 6th (Gonzales v Raich, et al.) in favor of the government (6-3) was an easy slam dunk, writes D.T. Armentano. Still, there are many problems with the majority opinion.

Frank Shostak

Frank Shostak explains that China is not the cause of bad US monetary policy.  

Dan Mahoney

Mahoney argues that although Mises correctly conceived of value as an ordinal relation, precluding the possibility of value imputation, in many of his expositions of the market process he adopts a notion of value as a cardinal thing in explaining the task confronting actors in either the planned or unplanned economy.

Murray N. Rothbard

Murray Rothbard, in this classic essay originally published in 1991, offers the most "pure" proposal of all: private mintage, 100 percent reserve banking, circulating coins, full convertibility.

Robert P. Murphy

My wife alerted me to this surprising passage from An Unsocial Socialist. Did Mises read Shaw?

Robert P. Murphy

People apparently are not supposed to fret that gas is relatively more expensive, writes Robert Murphy, because in an absolute sense, it is still cheaper than other commodities. Well, this leaves out a rather important fact.

Stefan Karlsson

When pro-inflation economists try to argue that inflation does not merely have redistributive effects, but can actually increase total production o