Although Menger is acclaimed primarily for his role in developing what is now known as marginal-utility theory, his writings on methodological individualism, subjective value, and the economic character of goods ("Menger's Law") deserve more attention.
Davidson seems oblivious to the fact that money has a purchasing power.
Williamson urged me to follow my passions, not to follow the crowd.
"The consumer and his valuations lies at the root of all economic considerations."
Frenchie was an Abilene institution, like no computer programmer or personal banker could be.
"Inflation worked as a tax on those further removed from government spending."
Mr. Chodorov sees history as an eternal struggle between social-power and political-power philosophies.
Arriving at those goals is not exactly doable unless government robs Peter to pay Paul and/or starts up the printing press.
"We" were the people, suddenly staring at the fact that we had assumed ultimate and unlimited liability — moral, physical, and financial — for the outcome of war on three continents, for the survival of the British Empire, and for the utter destruction of Hitler.
Keynes has bamboozled us and it is very difficult to de-bamboozle ourselves.
