Value and Exchange

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Blog10/23/2007Dmitry Chernikov

The Lockean (and Rothbardian) theory of initial acquisition of property involves the necessity of mixing one's labor with an object in the external environment. Once labor has been applied to a thing, it can legitimately become one's private property. The immediate question that arises...

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Nothing New Under the Sun

U.S. EconomyU.S. HistoryEntrepreneurshipMonopoly and CompetitionValue and Exchange

Blog10/01/2007Lorenz Kraus

There's no doubt that prosperity has smiled brighter and brighter on the last four generations. My grandparents, like many newly arrived from the Hell of Central Europe, lived in the attic above their ramshackle store. Their grandchildren however ramble around in what they would consider a...

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Adam Smith and Karl Marx's basic and monumental (in consequences) error

Capital and Interest TheoryMonetary TheoryValue and Exchange

Blog09/05/2007Walter Block

What could these two thinkers, considered to be opposites, have in common? It turns out that Karl Marx inherits from Adam Smith a very basic error, one which has monumental consequences and has changed the world forever.

Adam Smith tells us in his famous treatise on the wealth of nations...

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Is the Open Source Movement Libertarian?

Legal SystemMonopoly and CompetitionValue and Exchange

Blog08/24/2007Justin M. Ptak

Yesterday the president of the Open Source Initiative attempted to show how the philosophy underscoring the open-source movement and libertarianism are best pals.

But can they even be enemies?

The problem with his argument, along with...

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How to Ruin an Economy in One Easy Step

Capital and Interest TheoryMoney and BankingValue and Exchange

Blog07/16/2007Justin M. Ptak

Chris McGreal reports from Harare:

Zimbabweans are shopping like there's no tomorrow. With police patrolling the aisles of Harare's electrical shops to enforce massive government-ordered price cuts...

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We Can Learn From Our Fathers

Value and Exchange

Blog03/24/2007 Mises.org

9/26/06

Ted Roberts

2101 Aftonbrae Dr. SE

Huntsville, AL 35803

TV hosts with remodeled faces, economists who believe in interest rate manipulation, corporate execs who cook the books for lunch, even CEOs who eat free at the executive buffet — use the...

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Plug that Nickel!

Money and BanksInterventionismMonetary TheoryValue and Exchange

Blog01/31/2007Sean Corrigan

In a neat admission that his bosses are rotting the money in our pockets, Chicago Fed economist Francois Velde has come up with a bright idea: debase the nickel by a factor of five!

"The problem [...

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US Edges Perilously Closer to World Economy

Monetary TheoryValue and Exchange

Blog01/15/2007N. Joseph Potts

It seems a certain pizza chain in the American Southwest currently accepts Mexican pesos as well as dollars for their pies. This business practice resembles that not only of international airports all over the...

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"Buy American" Ignorance

Production TheoryValue and Exchange

Blog01/08/2007Jacob H. Huebert

This excerpt from an article on Americans abandoning U.S. automakers provides an idea of just how ignorant one would have to be to believe that "buying American" makes any sense:

Justin Watson...

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The Great Can Opener Gap

Capital and Interest TheoryPhilosophy and MethodologyValue and Exchange

Blog12/29/2006 Mises.org

I'm sick of our economic whiners and their tear-stained statistics. "Ten Million American children go to bed hungry every night." Baloney, thick sliced and ready for your intellectual palate! Who believes such falsification? Were it true, fifty million Americans, given the...