Value and Exchange

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

The influence of moral philosophy on the rise of laissez faire is a topic that several scholars have examined.

This article contains two parts that correspond to the two main fields of monetary theory.

The times are past in which one could naively teach the cost theory without getting involved in more precise explanations concerning in particular the origin of the value of the cost goods

On college campuses across the country, there has been an escalating uproar concerning labor conditions in less economically developed regions of t

Nonetheless, Rothbard and Mises have been criticized by Nozick (1977) and Caplan (1999), for inconsistency in admitting the concept of indifference into economic analysis after all, even if only indirectly. 

In this article, Samuel Bostaph reviews Thomas E.

In this paper I clarify the long-running debate between Block and Demsetz over the potential impact of psychic income on the Coase Theorem. Each of the protagonists appear to have erred on how to integrate

Harvard professor of philosophy, John Rawls, can be credited with provoking the most recent angst over the issue of intergenerational equity.

We examine the strict preference approach to the interpretation of human action and the assertion that a choice cannot be made between actions in which the actor is indifferent to the outcomes.