Production Theory

Displaying 1 - 10 of 616

How Sound Economics Birthed the Video-Game Era

The EntrepreneurEntrepreneurshipProduction Theory

Technological know-how is not enough to make a high-tech endeavor successful.

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A New Collection on Austrian Economics

Calculation and KnowledgeCapital and Interest TheoryOther Schools of ThoughtProduction Theory

This collection provides an overview of several promising developments relating to core problems in Austrian economics.

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Rick Perry — and His Critics — Still Don't Understand Say's Law

Free MarketsProduction Theory

How do you do away with a “Law” that had been core to economists’ understanding of the market economy for 150 years? You misrepresent it.

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Bill Gates's Robot Tax Is a Terrible Idea

Capital and Interest TheoryProduction Theory

Contrary to what Bill Gates thinks, robots don't decrease tax revenue, nor do they condemn us to a future of unemployment.

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The Myth of the Output Gap

InterventionismProduction Theory


The GDP framework and the output gap is an abstraction that does little more than provide justification for the interventions of government officials.

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Venezuela Shows There's No Shortcut to Economic Growth

Capital and Interest TheoryProduction Theory


Economic growth is about transforming capital in useful ways. It is not about just making more stuff.

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Why Socialism Will Always Fail

Calculation and KnowledgeProduction TheoryValue and Exchange


The paradox of "planning" is that it cannot plan, because of the absence of economic calculation.

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The Ethanol Industry: An Engine of Economic Destruction

InterventionismPricesProduction Theory


In his recent Mises Daily, Dave Albin admirably elucidates the tangle of unseen, long-run consequences that has resulted from uncoordinated government subsidies to the sugar, corn and ethanol industries.  


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Hagel's 'Defense Cuts' Are Smoke And Mirrors

War and Foreign PolicyFiscal TheoryProduction Theory


by Ron Paul

Last week Defense Secretary Chuck Hagel proposed an additional 40,000 reduction in active duty US Army personnel, down to 450,000 soldiers. As US troops are being withdrawn from the recent wars in Afghanistan and Iraq, it might make sense to reduce not only the active duty...

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Economic Impact of Legal Marijuana

Production Theory


Here is an article that reports legal marijuana growers are using a great deal of electricity in Colorado following the vote to legalize marijuana. It focuses on the negative impact...

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