Value and Exchange

When it comes to trade, the best US policy, or that of any country, is the elimination of all barriers to imports.

Economists generally do not like high transactions costs. But they can be good when imposed on governments.

I fear we will make little progress politically or economically if the attachment to emotionalism does not change in favor of economic realism.

This approach to costs and action allows for a praxeological explanation of originary interest avoiding shortcomings of traditional Austrian analysis.

The government wants to arrogate to itself the power, which, in an economy, is in the hands of the consumers.

The view seems to be that if a higher minimum wage is mandated that employers will continue to make all of the same hiring decisions. Not true.

Recorded at Mises University 2016.

Monetary profit is not the only kind of profit, but in a complex world, monetary profit is essential in building sustainable economies.

Recorded at Mises University 2016.

Mises maintained that humans act out of self interest. But that doesn't mean others can't benefit from those actions, regardless of intent.