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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). More articles like these can be found at his blog.

All Works

Turning Piketty Right Side Up

Other Schools of ThoughtPhilosophy and Methodology

06/18/2014Mises Daily Articles
Many Americans, perhaps a substantial majority, still believe that labor unions are fundamental to the well-being of workers. In fact, labor unions work to prevent increases in the productivity of workers, which is ultimately the only way to increase real wages.
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How Minimum Wage Laws Increase Poverty

Free MarketsInterventionism

04/04/2014Mises Daily Articles
Those who keep their jobs benefit from minimum-wage increases, but less-skilled and less-experienced workers face greater competition from other low-wage workers.
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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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