Production Theory

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Why Socialized Medicine Leads to the Prohibition of Private Medicine

HealthTaxes and SpendingProduction Theory

Blog02/20/2006

An article in today's (Feb. 20, 2006) New York Times makes clear that Canada's much ballyhooed system of socialized medicine, in addition to being plagued by interminable waits for treatment, has prohibited competition from private medicine. But now, as the result of a ruling...

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Oil, Big Business, and "Monopoly"

Monopoly and CompetitionProduction Theory

Blog02/02/2006

A reader of my analysis of the backlash against the profits of big oil companies thinks that one of my statements is "laughable," namely, my claim that the "oil companies, including Exxon Mobil, have been doing their utmost to increase the...

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But Can He Get Rich, and Stay That Way?

Production Theory

Blog01/31/2006

A Malawian farmer, discovering and applying principles worked out by the Romans millennia ago, has brought plenty to his small part of a drought-ridden part of Africa, as this article in the Christian Science...

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Davis-Bacon in New Orleans

InterventionismProduction Theory

Blog10/26/2005

Despite all of the public wailing for the desperate state of the poor left behind in New Orleans, to say nothing of all the low-wage workers who recently lost their employers down along the Bayou, the White House announced today that it will apply Davis-Bacon workplace rules to federally-funded...

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Apple compared to "Soviet Russia"

Production Theory

Blog10/20/2005

The cover story of Time ($$) this week discusses Apple and Apple CEO Steve Jobs. The basic frame of the article is that "Conventional wisdom says its strategy is wrong", but then goes on to explain how its...

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Spontaneous Order in Kenya

Global EconomyEntrepreneurshipProduction Theory

Blog09/11/2005

Paul Poenicke, a student from my honors seminar on Spontaneous Order, sent me this Slate article concerning the "unorganized" and surprisingly efficient market in "green gold" out of Kenya. A quote from the end of the...

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The Original, Unpublished Chapter 5 from Man, Economy and State

History of the Austrian School of EconomicsProduction Theory

11/11/2017Quarterly Journal of Austrian Economics
This present work is the unpublished original chapter five of Murray N. Rothbard's Man, Economy, and State.

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Labor Economics: An Austrian Perspective

InterventionismProduction TheoryValue and Exchange

05/08/2017Courses
This free four-lecture course outlines the Austrian understanding of labor as a factor of production priced in the factor markets.

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Frank A. Fetter, Chapter 19: Cost-Prices, Product-Prices, and Profits

PricesProduction Theory

03/30/2017Articles of Interest
Chapter 19: "Costs, Prices, and Profits" from Frank A. Fetter's Economic Principles and Problems .

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