Who Sets the Prices for Goods?
The common perception is that businesses set prices at a level that always earns them profits. However, as Carl Menger first pointed out in 1871, the process of determining value and setting prices is different than what is commonly believed.
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How to Vote for Liberty
Voting is controversial among Austro-Libertarians for many reasons. However, if one does choose to vote, one
Peace as a Prerequisite f...
While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did
The Secret Economic Theor...
The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von