Value and Exchange

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Think Gentrification Is Bad? The Opposite Is Worse

Value and Exchange

Blog09/13/2017
Land has no intrinsic value, and its price can go to zero under various conditions. Nearby owners will soon find themselves wishing for gentrification.

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Is Forced Military Service Good for the Economy?

Taxes and SpendingWar and Foreign PolicySubjectivismValue and Exchange

Blog09/12/2017
The latest argument in favor of conscription is that it's good for the economy. But, it's all just another central-planning scheme.

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The Eclipse: How Markets Could Have Prevented the "Traffic Nightmare"

PricesValue and Exchange

Blog08/22/2017
After the eclipse, access to major roadways should have been priced according to highway capacity and demand.

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Week in Review: August 19, 2017

Labor and WagesLegal SystemU.S. EconomyMoney and BankingValue and Exchange

Blog08/17/2017
The growth of government comes at the expense of civility.

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How Welfare States Make Us Less Civilized

Labor and WagesPovertyValue and Exchange

Blog08/17/2017
The market’s informal, spontaneous cooperation for mutual benefit has been replaced by a statist mindset.

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A Flat Tax Is Not More "Efficient" Than a Tax System with Loopholes

Taxes and SpendingValue and Exchange

Blog08/10/2017
If we want taxpayers to be more efficient, we should be giving them more tax loopholes. Closing loopholes has the opposite effect.

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Trump’s Maoist Steel Obsession

Labor and WagesProtectionism and Free TradeValue and Exchange

Blog07/04/2017
The wealth of nations is not measured in steel, or in the number of people who make it domestically.

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Will the Work Day Shrink to Four Hours?

Labor and WagesValue and Exchange

Blog06/26/2017
How many hours a job requires depends on the nature of the work. In other words, work is highly heterogeneous.

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Las Vegas: An Austrian View of Land Prices

The EntrepreneurValue and Exchange

Blog06/05/2017
Is buying land a good idea? It's a lot more complicated than simply declaring "buy land, they aren't making it anymore."

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We Don't Need to Create Jobs — We Need to Create Value

Labor and WagesPovertyValue and Exchange

Blog05/29/2017
Wages spring directly from, and are proportional to, the degree in which a job creates wealth by helping to satisfy an unmet need.

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