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George Reisman

Tags Capital and Interest TheoryMonetary TheoryPricesPrivate Property

Works Published inSpeeches and PresentationsMises Daily ArticleThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsThe Free MarketAustrian Economics NewsletterArticles of Interest

George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics and the author of Capitalism: A Treatise on Economics (Ottawa, Illinois: Jameson Books, 1996; Kindle Edition, 2012). See his author's page for additional titles by him. His website is and his blog is

All Works

The Minimum Wage Forces Low-Skill Workers to Compete with Higher-Skill Workers

Free MarketsU.S. EconomyInterventionism

01/04/2014Mises Daily Articles
A low wage constitutes a competitive advantage for less-skilled workers that serves to protect them from competition from more-skilled workers. In other words, a wage of $7.25 per hour for fast-food workers serves to protect those workers from competition from workers able to earn $8 to $15 per...
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A Deadlier Disaster for the Third World: Unemployment

Global EconomyInterventionismOther Schools of Thought

05/23/2013Mises Daily Articles
While we may denounce the owner for criminal negligence, it is absurd to denounce him for seeking profit.
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“Tax Expenditures”: Not Taxing Is Allegedly Spending

Free MarketsFiscal TheoryInterventionism

04/01/2013Mises Daily Articles
In effect, the government’s not taking is alleged to be giving. Its not taxing is alleged to be spending.
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Labor Unions, Thugs, And Storm Troopers

InterventionismOther Schools of Thought

01/04/2013Mises Daily Articles
Labor unions operate in <em>diametric opposition</em> to the interests of wage earners in general.
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Post-Sandy: A Man-Made Disaster

Free MarketsInterventionism

11/14/2012Mises Daily Articles
In a society in which economic law was widely understood, those who sought to prevent price gouging would be regarded as public enemies.
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