Mises Daily Articles

Perhaps no person in the history of economics has inspired such strong opinions, both for and against, as John Law. Some view Law as a genius. To others he is considered a madman and swindler. In many ways, he was all of these things

The basic logic of Jane Jacobs's work must lead an attentive reader inexorably to a libertarian view of human social relations.

If the cost of labor increases, someone has to pay for it. Laborers may pay in the form of decreased work opportunities, investors may pay in the form of decreased returns on capital, or consumers may pay in the form of higher prices required by increased costs.

As a developer, I do not hire an employee before I have conceived of a construction activity that will earn me a decent return. I hire an employee when I have a productive need for his services.