In the economy, real economic return on investment is not just an important metric. It is crucial. That is why I find it so intellectually dishonest when some economists look at the GDP and employment growth without putting it in the context of the massive increase in debt, spending, and money supply. A stimulus plan is […]
In a developed economy, the satisfaction of desires can be obtained not only by goods in use, but also by goods in exchange. Original Article: “Using Goods vs. Exchanging Them: Menger Explains the Difference“ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
This year’s Nobel Prize in economics was awarded to David Card of the University of California, Berkeley, Joshua Angrist of Massachusetts Institute of Technology, and Guido Imbens of Stanford University. The laureates, according to the Nobel Committee have made an important contribution as to how to ascertain cause and effect from observational data. For instance, […]