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Value and Exchange
The concept of diminishing marginal utility is the essential building block of economics. But there is a difference in the way this law is discussed by mainstream economics and the Austrian School.
Austrian Economics OverviewPhilosophy and Methodology
Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons.
Wokism and US foreign policy should not be viewed as isolated phenomena but rather inextricably linked concepts given the US’s universalist foreign policy modus operandi.
As tens of thousands of trucks began entering the capital with millions of supporters behind them, the “brave” Canadian prime minister had fled the city and shuffled off to an undisclosed location.
War and Foreign Policy
The saddest part of this whole manufactured crisis is that it should make absolutely no difference to us whether Russia controls Ukraine. How is that a threat to the United States?
Bureaucracy and Regulation
Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors
Money and Banks
"I get the impression that these people … believe the threat of inflation pales in comparison to climate change and racial inequities."
If a politician has no clue about what causes price inflation, she probably isn't going to have any idea about how to fix the problem.