Richard W. Fulmer

Articles

Marxism’s Fragile Foundation: The Labor Theory of Value

04/23/2025 Mises Wire Richard W. Fulmer

An argument can be made that nature and labor are the ultimate sources of all value—an argument that Karl Marx made in his Critique of the Gotha Program . An apple has value because it is nourishing...

Karl Marx’s Missing Link: Erasing the Line Between Mercantilism and Capitalism

03/27/2025 Power & Market Richard W. Fulmer

In Das Kapital, Karl Marx outlined a historical progression of socioeconomic systems: tribal communism, slave societies, feudalism, capitalism, socialism, and communism. However, one notable omission...

Publications

Energy: The Master Resource

01/11/2016 Robert L. Bradley Jr. Richard W. Fulmer

Robert Bradley, a leading free market energy economist, has in collaboration with Richard Fulmer put together an outstanding book that covers the huge subject of energy, beginning with answers to the most fundamental questions (What is energy? Where

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.