Value Investing’s Compatibility with Austrian Economics — Truth or Myth?
This article attempts to illustrate what makes value investing incompatible with Austrian economics and, hence, to terminate a lingering myth.
Subjectivism
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The Myth of Infrastructure Spending
Almost everyone agrees that infrastructure spending is always a slam dunk for the economy. Unfortunately, they're often wrong.
Is it Junk or Is it Art?
The value of objects can change without any physical change to the object at all. I need only tell you that some junk you see is really art.
The “Lucas Critique” Is Misesian at its Core
Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.
What Pokémon Go Teaches Us About Capitalism
Pokémon Go contains many elements of capitalism, even those which its critics most revile.
Was Mises a Cynic?
Mises maintained that humans act out of self interest. But that doesn't mean others can't benefit from those actions, regardless of intent.
Toward a Subjective Approach to Investment Appraisal in Light of Austrian Value Theory
This paper explores the implications of Mises’s theory of economic calculation for asset acquisitions and disposals, especially the acquisition and disposal of entire business enterprises.
USDA: People Make the Choice to Eat Unhealthy Food
Evidence continues to pile up against the claim that low-incomes cause obesity thanks to insufficient access to grocery stores.
Everyone Wants Profits — Including “Non-Profit” Groups
Every human action is undertaken in the hope of gaining at least some psychic profit. Profit need not be measured in dollars.
