Contra Marx, the laws of economics are immutable and are the same no matter what historical epoch exists. Economies cannot flourish unless market prices, private property rights, and profits and losses are unhampered.
Allen Gindler
Allen Gindler is an independent scholar specializing in the Austrian School of Economics and Political Economy. He has taught Economic Cybernetics, Standard Data Systems, and Computer-Aided Work Design in Ukraine. His academic articles have been published in the Journal of Libertarian Studies and The Independent Review. He has also contributed opinion pieces to Mises Wire, American Thinker, the Foundation for Economic Education, and Biblical Archaeology Review. He can be reached at agindler@gmail.com.
Latest work
Central to the paradigm of Austrian Economics is the action axiom. People act, and they act purposefully. That knowledge alone permits us to construct an entire set of theories that explains economic life.