Value and Exchange

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7 Lessons Business Owners Can Learn from Austrian Economics

Monopoly and CompetitionValue and Exchange

As Mises knew, economics "concerns everyone and belongs to all" — and this definitely includes business owners. 

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Economics Doesn't 'Measure' or 'Predict', It Explains

Austrian Economics OverviewPricesValue and Exchange

The purpose of economic science is not to resolve all social problems, nor does it have appropriate tools for this. 

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Satisfaction and Desire: De-Homogenizing Mises and Hayek

SubjectivismValue and Exchange

Thanks to markets, our unchanging desires are being satisfied more and more effectively over time.

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The Myths Behind "Equal Pay Day"

Bureaucracy and RegulationValue and Exchange

Blog04/25/2018

If the "pay gap" narrative were true, "greedy" employers would hire more women to get the same work done at lower wages.

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Yes, Economic Laws Still Apply to the Minimum Wage

Bureaucracy and RegulationValue and Exchange

Blog04/18/2018

Noah Smith has written yet another "popular" column challenging established economics assumptions. But he's really only appealing to his reader's established biases.

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Why Newspapers Are Going Out of Business

Media and CultureValue and Exchange

Blog03/17/2018

Newspapers apparently have a very high opinion of the quality of the product they're turning out. Many consumers seem to disagree. 

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Why Camping Out To Buy Stuff Is a Rarity in a Market Economy

Value and Exchange

Blog02/28/2018

Forcing people to wait days in a line to buy your product may not be the most efficient way to distribute goods.

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Freedom and the Minimum Wage

Labor and WagesValue and Exchange

Blog02/13/2018
Political paternalists who insist upon setting minimum wages by government command closely resemble socialist central planners of the 20th century.

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Profit and Charity Are Not Mutually Exclusive

Monopoly and CompetitionPolitical TheoryValue and Exchange

Blog01/29/2018
In order to pursue “social justice” goals, firms must first manage to turn a profit. Otherwise, they'll disappear.

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The Unseen Cost of Shoveling Snow

Philosophy and MethodologyValue and Exchange

Blog01/27/2018
The broken-window fallacy can be seen everywhere — and snow removal must necessarily come at the cost of not doing something else.

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