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What We Really Mean When We Talk About Values and Prices in the Marketplace

Blog3 hours ago

Values of goods are not static things that can be used for central planning. Values apply only to a particular transaction at a particular place and at a given time by human beings.

The Review of Austrian Economics

Breaking Out of the Walrasian Box: The Cases of Schumpeter and Hansen

01/23/2020Review of Austrian Economics, Volumes 1-10
Mathematics enjoys the prestige of being truly “scientific,” but it is difficult to mathematize the messy and fuzzy uncertainties and inevitable errors of real world entrepreneurship and human actions.

Why "One Man, One Vote" Doesn't Work

Blog01/23/2020

Efforts to abolish the US Senate because it's "undemocratic" employ a very crude and dangerous type of majoritarianism.

Meet the Spendthrifts

Blog01/23/2020

If the government were a sitcom family, they would be called the Spendthrifts, and no one would dream of trusting them with credit.

Trade Sanctions Are Both Immoral and Ineffective

Blog01/23/2020

Sanctions have a long history of failure. The US government's recent sanctions on Iran will likely be no different, but they will certainly be harmful to the Iranian people.

Jeff Deist: The Tom Woods Interview

01/22/2020The Austrian

A fun interview which looks back on the Ron Paul Revolution, and provides insight into how he crafted a populist message for ordinary people across the country tired of top-down bureaucratic control from DC.

The Majority of Virginia Homicides Come from Only Two Metro Areas

Blog01/22/2020

Just two metro areas in Virginia reported more homicides than all the rest of the state combined.

Peaceful Market Exchange—Not Politics—Harnesses the Value of Diversity

Blog01/22/2020

Whether diversity is a social benefit depends on whether it creates excuses to fight each other for special treatment. Politicizing our differences is far more likely to make diversity a source of conflict.

Why Bad GDP Metrics Lead to Bad Policy

Blog01/22/2020

Our flawed economic measure called GDP leads to a flawed and skewed view of the economy in which consumer spending is the most important metric.

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