Understanding the Real Costs of Slavery: It’s Not Cheap labor
The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery comes with high opportunity costs, which is why American slave…
The Bolognese Jurists behind the Proto-Austrians of the Salamanca School
The Salamanca School is known for important contributions to free-market economics and the Austrian School. The Bolognese jurists also made key contributions.
Do Financial Markets Immediately Provide All Relevant Information?
The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and prices adjust immediately to new information. However, market players do…
The Rebellious Old Right
What Murray Rothbard used to call the “Old Right” stood for liberty, freedom of speech, and a free economy. Most importantly, they stood for peace, all in contrast to the…
Marxism as Sophism: A Critical Examination of Labor as a Commodity
Marx built his infamous Labor Theory of Value on the premise that labor itself was a commodity. However, as Mises and other Austrians have noted, Marx failed both at understanding…
Is the Skyscraper Curse Dead?
There is good evidence that the Skyscraper Curse is dead. But what does that mean? Are historical changes are in the works?
The Bolognese Jurists behind the Proto-Austrian Theories of the Salamanca School
While people knowing the history of the Austrian school of economics are familiar with the School of Salamanca, it turns out they were influenced by jurists in Bologna who helped…
New “Engels” on Marx
It is understood that Marx’s theories stand entirely upon his Labor Theory of Value. If that theory is discredited, so is the scenario that leads to the inevitable triumph of…
New “Engels” on Marx
It is understood that Marx’s theories stand entirely upon his Labor Theory of Value. If that theory is discredited, so is the scenario that leads to the inevitable triumph of…