Stiglitz Is Wrong About Marginal Pricing
Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.
Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.
The late Murray Rothbard was known as an uncompromising libertarian theorist. But, he was also an activist and strategist.
The advent of health insurance and regulated health care brought a new era of rampant health care inflation.
The data of history would be nothing but a clumsy accumulation of disconnected occurrences if not for interpretation by systematic praxeological knowledge.
Not realizing that women with children earn less than childless women, this woman thinks women with children need to check their privilege.
Central bankers think the official statistics are overcounting inflation and undercounting productivity.
US Treasury Secretary Jack Lew has been threatening the Chinese government over its inexpensive steel exports.
We can apply economic analysis to explain cultural transformation, and a particularly important example is fiat money.
Ben Bernanke is not the savior who rescued the global economy; he is the clueless fool who plunged a poisoned knife in its back.
Economic growth is about transforming capital in useful ways. It is not about just making more stuff.