The September-October issue [PDF] covers this year’s grim election circus.
Our physical print publication goes out six times per year with new articles from our top writers, book reviews from David Gordon, and news about the Mises Institute.
Chapter 9 The Nature of Money
Where the free exchange of goods and services is unknown, money is not wanted.
An awed hush descended over the crowd, as the most powerful man in the British economy prepared to give his response. Sitting at the front of the room, Bank of England governor Mark Carney surveyed his audience, paused to consider the question for a moment, and then finally decided on his answer: “Pizza.”
Chapter 8 Profit and Loss
“Profit and Loss”
Chapter 7 Economic Calculation
Every man who, in the course of economic life, takes a choice between the satisfaction of one need as against another, eo ipso makes a judgment of value.
Chapter 6 Emergence of Indirect Exchange
Carl Menger has not only provided an irrefutable praxeological theory of the origin of money.
Chapter 5 Capitalism: The Market Economy
In the capitalistic economy the means of production are owned by individuals or associations of individuals, such as corporations.
Thousands of people recently demonstrated in Brussels against free trade deals negotiated by the EU. This happened just days before a meeting of EU trade ministers in Bratislava last month, which was considered the last push to salvage the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the United States. Not only is Europe divided on the deal, but the talks have been extremely secretive.
Many protestors were especially opposed to the secrecy surrounding the trade deals.
Chapter 4 Society, Exchange, and the Division of Labor
Action always is essentially the exchange of one state of affairs for another state of affairs. If the action is performed by an individual without any reference to cooperation with other individuals, we may call it autistic exchange.
Chapter 3 Action in Time
The notion of change implies the notion of temporal sequence. A rigid, eternally immutable universe would be out of time, but it would be dead. The concepts of change and of time are inseparably linked together.
