Category Archives: Economics

Capital

Week 8 of the Mises Institute’s Home Study Course in Austrian Economics includes one audio lecture and one book chapter dealing with capital. “Capital” by Bob Murphy: Following Rothbard, Murphy defines capital as “reproducible means of production.” He says that … Continue reading

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Truth Persists and Works, Even if Nobody Is Left to Utter It

Human thinking and reasoning, human science and technology are the product of a social process insofar as the individual thinker faces both the achievements and the errors of his predecessors and enters into a virtual discussion with them either in … Continue reading

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Shawn Ritenour on the Tom Woods Show

I’m happy to say that I got to listen to two of my favorite intellectuals (and friends) in my podcast feed yesterday. Shawn Ritenour, the author of Foundations of Economics, a book I have discussed extensively on this site, was the guest … Continue reading

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“Procapitalist” and “Pseudocapitalist” Economic Thought

George Reisman, Capitalism, Introduction: In my Reading Economics Project, I’ve completed the series of posts on Shawn Ritenour’s Principles of Economics and made fair progress on the Ludwig von Mises Institute’s Home Study Course. However, this is my very first … Continue reading

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Time Preference and Interest

Week 7 of the Mises Institute’s Home Study Course in Austrian Economics includes one audio lecture and three book chapters dealing with time preference and interest. “Time Preference and Interest” by Jeffrey Herbener: This lecture has a good summary of Ludwig … Continue reading

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New Page in the Reading Economics Project

The long-awaited (or at least long-delayed) page listing the works in the Reading Economics Project is now live on the site. It is still incomplete, but it had been on the drawing board long enough (I made the initial draft … Continue reading

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How One Modern Economist Is Like St. Thomas Aquinas

No, it’s not by making dry and boring arguments, before anyone makes a smart-aleck comment. One of the most admirable things about St. Thomas Aquinas’s method of argumentation in the Summa Theologica is his insistence on giving his opponents their best … Continue reading

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Value, Utility, and Price

I just checked my archives and found that my last post in the Reading Economics Project was more than six months ago! Let’s fix that, shall we? Week 6 of the Mises Institute’s Home Study Course in Austrian Economics includes … Continue reading

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I, Pencil: The Movie

Leonard Read’s classic essay “I, Pencil” has helped introduce millions of people to the amazing nature of the modern economy based on the division of labor. It’s required reading in one of my undergraduate courses, and I’ve seen (figuratively) the … Continue reading

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How a Christian Economist Thinks about Helping His Neighbor

Christian economist, Forbes.com columnist, and fellow Misesian Art Carden is featured on this week’s episode of the Research on Religion podcast. The interview focuses on how Christians should view the various policies and programs that are intended to help the … Continue reading

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