Production Theory

Ever since economists undertook an economic analysis of the law there has waged the debate as to the proper criterion to use in deciding law cases.

The United States emerged with a superior technology early in the nineteenth century.

Like many libertarians, I used to accept without question the idea that contracting out for government services was a good idea.

We hear a lot of expressed concern about conserving the environment, but no one talks much about producing it.

Austrian economics has important contributions to make in two particular areas — to the theory of rent and to an understanding of the meaning of equilibrium. The legacy of perfect competition casts a long shadow, inhibiting an adequate understanding of the dynamic market process in which rent is earned in disequilibrium.

Kevin Carson’s New Book Studies in Mutualist Political Economy centers on the incredible claim, self-contradictory on its face, that

Austrian insights are useful for not only interpreting recent claims, but also for understanding their reach. In particular, Misesian insights are helpful here

Jordan Schneider’s article is directed in part against a talk I gave in 2004 titled “Libertarian Anarchism: Responses to Ten Objections,” in

Empirical analysis and interpretation of employment and interest data based on the Hayekian triangle have proved highly fruitful in revealing new information about the structure of U.S. production.

Libertarian writers including Hoppe, Hummel, and Murphy have attempted to deal with the presence of free riders in theoretical private defense cons