What Drives Profits?
It is the seeking of profits that is the key to increased living standards for everyone. But high profits do not necessarily correspond to real economic growth and can come about due to adverse circumstances.
It is the seeking of profits that is the key to increased living standards for everyone. But high profits do not necessarily correspond to real economic growth and can come about due to adverse circumstances.
Too many people are paying too much for schooling they don't need. But the machinery is in motion, and, even though the bubble in academia is well-known, personnel and resources are still being directed toward it at an incredible rate.
Plans are already in the works to put the initiative back on the ballot for 2012, which is expected to have higher turnout from young people.
Plans are already in the works to put the initiative back on the ballot for 2012, which is expected to have higher turnout from young people. But in order for the ballot initiative to succeed, we must first understand why it failed.
Hazlitt not only has a clear and lucid writing style; of all economists who are gifted at writing for a popular audience, Hazlitt has by far the soundest grasp of his subject. Hence, he is able to put correct and even profound analysis into a highly readable style.
The Mises Wiki provides an exciting outlet for young Austrian scholarship. A wiki encyclopedia can grow beyond what it was originally intended to be, its growth limited only by the vision of its community. The future is here, and you are invited to take part in its unfolding.
Part of the experience of reading Newsweek in the early 1960’s was a weekly column called "Business Tides." It offered wide-ranging and insightful commentary on just about anything that had anything to do with the economy or with economics.
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.
If it were not for the police, lawlessness and chaos would rule; therefore, we owe our safety, our civilization, our very lives to the selflessness and dedication of the police; thus, police are our "heroes." So we were told, and so we believed.
Principles of Politics was written in the immediate aftermath of Napoleon's rule over France and much of Europe. It is a defense of all forms of freedom against despotism. Constant considered natural rights to be the best foundation for liberty.