New Translations of ‘Mises Daily’ Articles
One from Mises Poland:
- Hodowcy bydła a imperium na amerykańskim Zachodzie (orig: “Ranchers and Empire in the American West“)
And four new ones from Mises Hispano:
How Entrepreneurship Theory Created Economics
Volume 16, No. 4 (Winter 2013)
ABSTRACT: Richard Cantillon is credited with the discovery of economic theory and was the first to fully consider the critical role of entrepreneurship in the economy. Cantillon described entrepreneurship as pervasive and he casted the entrepreneur with a pivotal role in the economy.The Marginal Efficiency of Capital
Volume 16, No. 4 (Winter 2013)
ABSTRACT: The purpose of this paper is to explain the marginal efficiency of capital.1 The net present value diagram is derived and used to illustrate how the interest rate regulates the intertemporal allocation of resources.
Being a State Means Never Having to Pay Your Debts
Nicolas Cachanosky follows up his Mises Daily article on the legal history of Argentina’s default with a look at the recent effort to blame the default on everyone but the Argentinian government:
Capital Moves to Inexpensive Labor
http://www.forbes.com/sites/joannmuller/2014/08/20/americas-car-capital-will-soon-be-mexico/
http://en.wikipedia.org/wiki/Port_of_L%C3%A1zaro_C%C3%A1rdenas - the huge Pacific port
Conference on Free Banking
A conference on
Lund University in southern Sweden,
Colorado’s Illegal Pot Market Thrives
Not unexpectedly, Colorado’s illegal marijuana market has been reported as thriving. The reasons for this are pretty straightforward. First, it is a new and highly regulated market making it difficult to supply products and keeping legal marijuana prices high. Also, steep taxes on legal marijuana exceeding 30% also are keeping prices high.
