Monetary Theory

Machaj, a contributor to McCaffrey’s The Economic Theory of Costs, replies to Israel to clarify and develop his point on imputed value and price formation.

Several generations have benefited unknowingly from Mariana's courageous efforts to defend private property and freedom against the tyrants of his day.

Translation of the appendix to Juan de Mariana's most libertarian book De rege et regis institutione.

The classic novel Don Quijote should be taught in every economics department.

In this 32-minute talk, Jörg Guido Hülsmann examines and summarizes Mises’s insights and innovations in understanding money, its origins, and

The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intention to use it as a medium of exchange.

What the Fed was saying in 2007 suggests the central bank was practicing either deception, incompetence, or a combination of both.

What is the direct-use value of bitcoin? And does it have any?

The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.

It's not really true that governments can always just print money to pay off their debts.