Value and Exchange

Those who oppose "consumerism" contend it is wrong to give consumers what they want if they want the wrong things.

Gentrification gets bad press. It would appear that the gentrifier (he who engages in gentrification) is a malign exploiter, a bully, someone who takes advantage of the weak and the poor. And these are the nice things said about him.

People usually recoil at the idea of trading babies for money, but in the wake of Soviet deprivation, easy-adoption laws helped countless orphans in Romania.

Calls for finding efficiencies in government by electing or appointing people to “run it like a business” are futile.

Contrary to the Austrian community’s former perception, we revealed value investing’s incompatibility with Austrian economics

Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.

Even if everyone were totally charitable, we still could not build a complex economy without the price mechanism provided by markets.

Presented at Mises University 2018.

Despite its great appeal because of its simplicity, the supply-demand graphic as employed by mainstream economics is a tool that is detached from the facts of reality.

The division of labor is what made the West rich and has kept it rich. It's telling that Marx planned to abolish the division of labor altogether.