Value and Exchange

Professor Spengler refers to Richard Cantillon as the first of the modems. Professor Tarascio presents him from a current perspective.

This note has shown that the possibility of the income effect of a price change is implied by the Misesian pure logic of choice. This note has not assumed that our individual must consume more than four loaves of bread to survive.

Recorded at the Mises Institute in Auburn, Alabama, on 26 July 2014.

Recorded at the Mises Institute in Auburn, Alabama, on 21 July 2014.

The true benefits of the Louisiana and Alaska Purchases are less clear than their value to pro-government propaganda.

Smuggling has often played a pivotal role in important events and episodes in American history, writes Mark Thornton.

Although Frédéric Bastiat disproved it years ago, many still believe that natural disasters increase economic growth, writes Frank Hollenbeck.

Inflation puts a brake on social mobility: the rich stay rich (longer) and the poor stay poor (longer) than they would in a free society, writes Gu