cost - Michael DeVinney

Opportunity Cost

A firm will spend to produce. This is the firm’s cost. They must spend money, but money costs are different … Read the rest

The French Revolution December 21, 2024
What happens when the Department of Government Efficiency fails? Human devolution or political revolution? Or both? Mark Thornton discusses some pertinent lessons from the French Revolution.
Mark Thornton
Marxism and the Cultural Revolution December 20, 2024
The Cultural Revolution continues apace in this country and it is aimed at all of the old Confederate symbols from statues to the Confederate Battle Flag. With leftist progressives there can be no discussion. Any symbol from the South equates to racism and nothing else.
Wanjiru Njoya
The Poor Man of Nippur and Austrian Economic Principles December 20, 2024
The Austrian school recognizes that economic analysis is timeless and the ancient story of “The Poor Man of Nippur” provides an excellent example. From time preference to the structure of production, many of the lessons are contained in this story.
Allen Gindler