Value and Exchange

Formal models of the economy, writes Murray Rothbard, tend to overlook a crucial instrument of change: entrepreneurship.

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

Some anticapitalists have tried to claim "good" entrepreneurs don't make profit the primary goal. Yet, without profit, an entrepreneur cannot serve the people who depend on him or her for goods and services.

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.