Value and Exchange

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Will the Work Day Shrink to Four Hours?

Labor and WagesValue and Exchange

Blog11 hours ago
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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Capital Flows and Ricardo's Law

Global EconomyMoney and BanksMoney and BankingValue and Exchange

Blog04/10/2017
Ricardo's law of comparative advantage is only part of the story when it comes to understanding the benefits of free trade.

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Jeff Bezos Got Rich By Giving His Customers What They Want

The EntrepreneurPricesValue and Exchange

Blog04/07/2017
Jeff Bezos is now rivaling Bill Gates for the richest man in the world title, but only after decades of making everybody else a little bit richer first.

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3 Lessons Learned from Wisconsin's War on Foreign Butter

Taxes and SpendingPolitical TheoryValue and Exchange

Blog04/03/2017
Wisconsin's foreign-butter ban may seem like a small issue, but it illustrates the problems that arise when government limits trade in any way.

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Why Special Interests Sacrifice the Future for Short-Term Gain

U.S. EconomyPolitical TheoryValue and Exchange

Blog04/02/2017
When they ignore basic economics, special interest groups sacrifice the well-being of their future members in exchange for short-term gains.

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Kirzner Reviews Rothbard

Capital and Interest TheoryHistory of the Austrian School of EconomicsPricesValue and Exchange

Blog03/30/2017
Kirzner’s thoughtful and polite approach to scholarship is a model for how younger Austrians can approach scholarly debate.

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L.A. to Worsen Housing Shortage with New Rent Controls

The EntrepreneurPolitical TheoryValue and Exchange

Blog03/29/2017
Housing activists in Los Angeles hope to expand rent control there. This will make the city's housing crisis even worse.

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The Problem with Paid Parental Leave

Big GovernmentValue and Exchange

Blog03/28/2017
Once again, good-intentioned policies that ignore the laws of economics only hurt those who they were originally intended to help.

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