Value and Exchange

Labor is a factor of production. The price the seller of labor can obtain on the market depends on the data of the market.

It is good luck for the laborer if market conditions are such that a kind of work he is able to perform is lavishly remunerated; it is chance, not

Employs graphical analysis to demonstrate many ways in which US minimum-wage legislation caters to special interests and exploits voters’ lack of e

When Jean-Baptiste Colbert died on September 6, 1683, there was celebration throughout France.

If the blackmail offer is rejected, the blackmailer may exercise his rights of free speech and publicize the secret. There is nothing amiss here.

Recorded at Mises University 2010.

In deciding to hire a worker, the employer does not ask himself what the worker gets as take-home wages.

In a free market, an unemployed man has always chosen unemployment over working in a place, at a time, in a way, or for a wage that he dislikes, wr

The job applications pour in by the buckets, all padded with degrees and made to look as impressive as possible. It’s all just paper.

A satisfactory explanation of business fluctuations must not be built upon the fact that individual firms make bad investments.