Value and Exchange

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Money in a Two-Person Society

Money and BanksValue and Exchange

Blog10/26/2005

I am always annoyed when money is referred to as a "store of value". Value is not a substance that can be stored; it is demonstrated in action.

As Mises writes, "Value is the importance that acting man attaches to...

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Indians, the Colonials, and Lockean Theory

U.S. HistoryPrivate PropertyValue and Exchange

Blog07/13/2005

While studying colonial period business practices and property rights issues, for a business & finance history class, I read Carl Watner's Libertarians and Indians: Proprietary Justice & Aboriginal Land Rights,...

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George Bernard Shaw on Calculation

Value and Exchange

Blog05/09/2005

My wife alerted me to this surprising passage from An Unsocial Socialist. Did Mises read Shaw? (This came out in 1883.) The whole opening of Chapter X is funny, but here's the best excerpt:

Trefusis...

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Clinton minimum wage increase repealed

Money and BanksValue and Exchange

Blog03/23/2005

When pro-inflation economists try to argue that inflation does not merely have redistributive effects, but can actually increase total production one of their most frequently used arguments (Often stated in implicit rather than explicit terms ) is that inflation can help erode the real value of...

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Coin Clipping and the Resource Boom

Value and Exchange

Blog03/16/2005

From the Daily Reckoning:

"A penny now costs two cents to produce! It cost the U.S. government 3.8 cents to produce a nickel and 0.98 cents to produce a penny, according to the U.S. Mint's...

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Is capital gains income?

Money and BanksValue and Exchange

Blog02/02/2005

The recent report on personal income and spending showed a full 3.7% increase in personal income and an even greater increase in disposable income , raising the savings rate to 3.4%. But this sharp increase was mostly due to the...

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Austrian Microeconomics

Austrian Microeconomics

Online Course
Taught by Dr. Peter G. Klein, this course provides a systematic overview of Austrian microeconomics.

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Rothbard Graduate Seminar 2014

Taxes and SpendingMonetary TheoryPraxeologyValue and Exchange

June 8, 2014June 13, 2014

Event

Auburn, Alabama

The purpose of the Rothbard Graduate Seminar is to provide an intense study of Misesian and Rothbardian economic analytics, along with the substantive conclusions of that research in related fields.

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Reply to Dr. Howden on Opportunity Costs

Monetary TheoryValue and Exchange

09/09/2016Quarterly Journal of Austrian Economics
This approach to costs and action allows for a praxeological explanation of originary interest avoiding shortcomings of traditional Austrian analysis.

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