Ludwig von Mises: Defender of Capitalism
Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.
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Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.
Labor is not, in itself, a source of value. Labor is expended in the pursuit of value, and the market process’s competing bids and offers convert people’s individual assessments into intelligible data called prices.
A shortening of the hours of work is a highly desirable goal. But it cannot be achieved along with growing prosperity except in a free market.
A shortening of the hours of work is a highly desirable goal. But it cannot be achieved along with growing prosperity except in a free market.
Government spending doesn’t really create jobs, but instead moves them from where people themselves would have chosen to where the government dictates by way of its tax, spending, and regulatory policies.
Anyone who has ever taken a competently taught economic principles course should understand why people tend to underestimate market forces for airline fuel, irrigation water, and so many other areas.
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