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Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly...
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What happens when the Department of Government Efficiency fails? Human devolution or political revolution? Or both? Mark Thornton discusses some pertinent lessons from the...
The Cultural Revolution continues apace in this country and it is aimed at all of the old Confederate symbols from statues to the Confederate...
The Austrian school recognizes that economic analysis is timeless and the ancient story of “The Poor Man of Nippur” provides an excellent example. From...
Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly...
Looking for an introduction to the real story of the foundations and tragedies of the world wars? This new book by the late historian...
A new study from the Institute for Research on Labor and Employment at UC Berkeley claims that California‘s new $20 fast food minimum wage...
A new study at UC Berkeley claims that California‘s new $20 minimum wage has had no adverse economic effects. If only that were true.
The US went to war 83 years ago today with Japan‘s attack on Pearl Harbor. It ended with Japan‘s surrender after US bombers dropped...
In the post-Civil War South during Reconstruction, federal troops attempted to impose their will in part by pitting recently-freed slaves against southern whites. The...
After spending 25 years as a columnist for the New York Times, Paul Krugman is finally retiring from that position—25 years too late, if...
David Glasner shares his perspectives on the famous Sraffa-Hayek debate, a topic on which he has expressed disagreement with Bob in print.
Government spending does not reflect true economic value the way personal spending does.
According to the BLS’s household survey, employed workers are down by 725,000 while full-time work is down for ten months in a row. Naturally,...