Karl Marx not only misunderstood value and production, but he also was wrong about large-scale and small-scale property ...

Inflation is not neutral, it is a hidden tax, a distortion of entrepreneurial signals, and a corrosive force against social ...

Whoever holds the winning ticket—whoever knows what the next announcement will say—collects. Everyone else plays blind. This ...

The recent death of Paul Ehrlich reminds us that his crackpot overpopulation theories still are with us, even as they are ...

Corporate finance can help introduce classifications such as the distinction between the assets of a natural person and a ...

John Stuart Mill is a study in contrasts. He wrote On Liberty, yet many of his ideas and theories promoted anything but liberty.

In 1871, the “discovery” of marginal economic analysis soon took a wrong turn, moving towards quantification, data, and ...

From Monetarists to advocates of modern monetary theory, government edicts give money its value. Austrian economists from ...

On top of mounting numbers of retirees, record numbers of young men are claiming to be disabled or sick.

A central banker has two lives: the first is spent studying neoclassical money supply mechanics; the second begins when they ...

There is a recurring temptation in political economy to reduce social order to a problem of conflict rather than recognizing ...

In Graham Moore’s The Wealth of Shadows, John Maynard Keynes is a hero for his monetary manipulations. However, in the real ...