Indians, the Colonials, and Lockean Theory
While studying colonial period business practices and property rights issues, for a business & finance history class, I read Carl Watner’
Value and Exchange
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The Austrian Theory of Subjective Value: A Philosopher’s View
Recorded at the Mises Institute on 15 June 2005.
Real Bills, Phony Wealth
The Real Bills Doctrine (RBD) has a long and controversial history, writes Robert Blumen. Many of the key concepts originated with the monetary crank John Law.
The Court, Federalism, and the Free Market
The medical marijuana case decided June 6th (Gonzales v Raich, et al.) in favor of the government (6-3) was an easy slam dunk, writes D.T. Armentano. Still, there are many problems with the majority opinion.
China Does Not Determine U.S. Interest Rates
Frank Shostak explains that China is not the cause of bad US monetary policy.
The Case for a 100 Percent Gold Dollar
Murray Rothbard, in this classic essay originally published in 1991, offers the most "pure" proposal of all: private mintage, 100 percent reserve banking, circulating coins, full convertibility.
On Austrian Value Theory and Economic Calculation
Mahoney argues that although Mises correctly conceived of value as an ordinal relation, precluding the possibility of value imputation, in many of his expositions of the market process he adopts a notion of value as a cardinal thing in explaining the task confronting actors in either the planned or unplanned economy.
George Bernard Shaw on Calculation
My wife alerted me to this surprising passage from An Unsocial Socialist. Did Mises read Shaw?
