Value and Exchange

Displaying 1 - 10 of 759

Time Is Money, Money Is Time

Money and BanksMoney and BankingValue and Exchange

Blog12/29/2018

We think the state is taking only our money, but it is also taking our time.

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Ebenezer Scrooge's Tiresome Crusade Against "Consumerism"

Media and CultureSubjectivismValue and Exchange

Blog12/25/2018

Scrooge was wrong, and his Nephew Fred was right. While it's true the benefits of feasting with friends and family can't be calculated in a ledger, that doesn't mean those things have no value.

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What Is Economic Growth? (And What Is It Not?)

EntrepreneurshipProduction TheoryValue and Exchange

Blog12/13/2018

Many seem to mistakenly think that economic growth has to do with GDP or producing stuff. It does not.

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Capitalism Means Less Waste — Because More Waste Means Less Profit

The EnvironmentProduction TheoryValue and Exchange

Blog11/17/2018

The concept of "productive complements" shows us how capitalists have long sought to make as much use as they can of every part of the materials they use to make goods.

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How Capitalists Created a "War on Waste"

Production TheoryValue and Exchange

Blog11/08/2018

Private entrepreneurs have solved many environmental problems by finding ways to turn garbage into something people were willing to pay for.

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The Market Isn't a Schoolmarm: The Austrian School versus Chicago

Other Schools of ThoughtValue and Exchange

Blog10/12/2018

Unlike a moralistic schoolmarm or a government, markets do not punish or tax anyone. They merely reflect the choices we make and the values we hold.

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How Champions of the Poor Become Tyrants

Bureaucracy and RegulationPricesValue and Exchange

Blog09/28/2018

The unintended consequences of government regulation lead to even more government coercion.

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Relative Prices Matter: Why Cost-of-Living Indexes Don't Tell Us Much

Value and Exchange

Blog09/26/2018

When people change cities, they are likely to change their consumption patterns — which means a simple cost-of-living index doesn't tell us what it should.

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The Economists versus The Special Interests

Protectionism and Free TradePolitical TheoryValue and Exchange

Blog09/17/2018

In spite of claims they will benefit society overall, interventionist policies designed to benefit certain interest groups ultimately only help certain groups at the expense of everyone else.

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"Price Gouging" Sends Important Signals About Risk

PricesValue and Exchange

Blog09/14/2018

If local prices are sending the message that everything's perfectly normal, residents may be overly optimistic about the risks they face during natural disasters.

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