Wages: The Anti-Capitalist and Pro-Capitalist View
[formatted from this twitter thread- ed.]
[formatted from this twitter thread- ed.]
In the 1940s, economist Friedrich Hayek said in his book, “The Road to Serfdom,” that the road to serfdom was socialism.
A new Mises Institute podcast series, focused on Austrian theory in-depth.
A reason the left is good as what it does: it thinks big and thinks long term. Conservatives and libertarians, meanwhile, like to give up immediately if something seems like it might take a while, or if other people don't embrace their ideas instantly.
Keynote AERC lectures and selected panels can be watched live at mises.org/live
I am a professor (I teach economics at Loyola University New Orleans). In my view, this means I should profess something.
Smith thinks its enough to look at data in order to understand the economy. But without theory, how should the data be interpreted?
When debt turns to junk, ETFs and institutional holders will desperately be looking to sell at any price.
Subjective value is not objective. Sounds obvious, but the distinction is lost on most — scholars and practitioners alike.