Value and Exchange

The Peace of Westphalia (1648), which closed out the era of wars “of”—or allegedly “about”—religion, established what might

The circular-flow approach is decidedly Neoclassical, and suffers from many problems which traditional Austrians would notice. The circular-flow diagram’s greatest problem is, in fact, its circularity. 

Kevin Carson’s New Book Studies in Mutualist Political Economy centers on the incredible claim, self-contradictory on its face, that

Hoppe's response to Block’s foregoing criticism of his previously published notes on the subject of preference and indifference in economic analysis, including a summary of agreements and reconstruction of differences.

Most academic participants in the ongoing debate over income redistribution are aware that it is not possible, ever, for government to tax one set

Mises created an artificial construct, the evenly rotating economy (ERE), from which to ascertain the source of entrepreneurial profit and loss. In particular, the ERE is characterized by two distinct elements. 

The recently edited Festschrift in honor of Pascal Salin is a highly varied and disparate collection of contributions by colleagues, admir

To analyze the feasibility of applying the Coase Theorem, this article uses two traditional arguments, economic calculation and non-neutral effects, found in the Austrian literature. 

Volume 21, Number 3 (Fall 2001)

George Reisman is interviewed about his interest in Ludwig von Mises at a young age as well as his many enc

Transitivity in economics maintains that if a is preferred to b, and b to c, then a must also be preferred to c.