Production Theory

The shorter work week is entirely a capitalist invention. As capital investment caused the marginal productivity of labor to increase over time, less labor was required to produce the same levels of output.

Per Bylund explains the many contributions of Jean-Baptiste Say, a precursor to the Austrian School of economics. 

There is no truly equal way to distribute goods. But capitalism offers a way for more people to benefit from the process of bidding for those goods and services.

Notwithstanding its endorsement by Mises, many modern Austrians reject the notion of consumer sovereignty as an inaccurate political metaphor. 

Mises stressed the primacy of consumer preferences in the determination of precisely which kinds of goods will be produced with society's scarce resources. 

This paper looks at the differences between investment and cash building and if either one offers additional benefits.

The author rebuilds the theory of the Ricardo Effect around the alternative theses that a decline of investment by both the machine producing industries and the raw materials industries leads to the “scarcity of capital.”

The aim of this paper is to examine the non-price effects of monetary inflation.