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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

How to Eliminate Social Security and Medicare

Free MarketsInterventionism

04/08/2011Mises Daily Articles
These programs have caused a massive diversion of savings into government consumption, not only by diverting taxes into current government spending, but also by undermining one of the most important motivations for private saving and investment.
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Where Profit Comes From

Business CyclesCapital and Interest TheoryHistory of the Austrian School of Economics

01/13/2011Mises Daily Articles
The theory of profit/interest has major implications for the understanding of capital accumulation, the determination of real wages and the general standard of living, taxation, inflation/deflation, and the business cycle.
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A Microcosm of Boom and Bust

Booms and BustsBusiness Cycles

12/01/2010The Free Market
Booms are not periods of prosperity but of the squandering of wealth. The longer they last, the worse is the devastation that follows.


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Raising Taxes Is Not Reducing Government Spending

Big GovernmentTaxes and SpendingU.S. EconomyInterventionism

11/24/2010Mises Daily Articles
The fundamental question is, who is the owner of the funds paid in taxes? Is it the citizens, who have earned the funds and who turn them over under threat of being fined or imprisoned — or even killed — or is it the government?
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A Primer on Natural Resources and the Environment

The EnvironmentFree MarketsOther Schools of ThoughtPhilosophy and Methodology

11/10/2010Mises Daily Articles
There is a fundamental fact about the world that has profound implications for the supply of natural resources and for the relationship between production and economic activity on the one side and man's environment on the other: the entire earth consists of solidly packed chemical elements.
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