What principles determine the formation of prices on the free market? The equilibrium price between supply and demand determines prices according to the value scales of sellers and buyers and their elastic or inelastic positions.
For the third month in the row, “core” consumer prices, which the Fed and accordingly also financial markets have decided to focus on (
From The Journal of Political Economy, Volume 43, Number 5, October 1935.
When people consider the question of how society should be organized, there is a tendency to portray issues in terms of false alternatives.
Robert Murphy says that linking government deficits to private savings and growth is not merely inaccurate; it is exactly backwards.
Roger Garrison on the new Fed chairman: Bernanke's idea of "inflation targeting" is in need of some deconstruction.
In a dark hour of Mises's life, there was a glimmer of light: an invitation from New York University to speak about the contributions he had made to economic thought. The address was given in 1940, nine years before Human Action appeared on the scene.
