Price spread is the difference between their selling price and the aggregate prices. This translates to the difference between inputs … Read the rest
Category: Economics
Crusoe Economics
Property is essential to justice and economics. It is impossible to come to a just decision without property. Likewise, … Read the rest
From Delusion to Destruction
Statism aims at the substitution of the rational for the irrational. If calculation were possible, we wouldn’t need overlords to … Read the rest
Method
There are two methods, one of the physical sciences and one of man. There is not more than one logic… Read the rest
Monopoly
It’s difficult to decide what is the most misunderstood concept of economics. Almost all of them are misunderstood or misused, … Read the rest
Private or Public
A government is a territorial monopolist of taxation and legislation. The only way they can increase revenue is to increase … Read the rest
Recommended Reading
This list is mostly economics but does consists of some other subjects. This list should be read in a similar … Read the rest
The Market
The market, non-coercive that is, is the social system of division of labor. The coercive market is anti-social. There … Read the rest
Business Cycle
Just as important as saying what the business cycle is, saying what it is not. It is not something determined … Read the rest
Explaining The Fed with a Hammer
Money is a dominant force in the economy. It is a medium of exchange and solves the double coincidence of … Read the rest