Value and Exchange

If you've wanted to read Human Action, this is your opportunity to hear it explained by great economists and scholars!

Market entrepreneurship is what generates net value in society, whereas social entrepreneurship is primarily the use of that value. 

If you've wanted to read Human Action, this is your opportunity to hear it explained by great economists and scholars!

If you've wanted to read Human Action, this is your opportunity to hear it explained by great economists and scholars!

Anticapitalists often complain that people with more money exercise power over people with less money. Yet these same people seem oddly untroubled by the fact that central bankers can manipulate the money supply at any time to enrich themselves at everyone else's expense.

The national trade account balance is of little economic significance and is a sterile concept. But the government’s attempts to "fix" it can have many harmful effects.

A given goal dictates the specific means that an individual will choose for the attainment of that end. People make choices that they think will help them achieve an end.

Much has been written about the quantity of money and its effects on money’s purchasing power, but the quality of money has been neglected.

Some anti-Brexit pundits tried to frame the Brexit debate as one of savvy economics-minded people against economic illiterates. These people missed the point.

Economics is not intent upon pronouncing value judgments. It aims at a cognition of the consequences of certain modes of acting.