Production Theory

Displaying 1 - 10 of 622

What Is Economic Growth? (And What Is It Not?)

EntrepreneurshipProduction TheoryValue and Exchange

Blog12/13/2018

Many seem to mistakenly think that economic growth has to do with GDP or producing stuff. It does not.

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Capitalism Means Less Waste — Because More Waste Means Less Profit

The EnvironmentProduction TheoryValue and Exchange

Blog11/17/2018

The concept of "productive complements" shows us how capitalists have long sought to make as much use as they can of every part of the materials they use to make goods.

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How Capitalists Created a "War on Waste"

Production TheoryValue and Exchange

Blog11/08/2018

Private entrepreneurs have solved many environmental problems by finding ways to turn garbage into something people were willing to pay for.

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Goods Can Never Be Distributed "Equally" — Especially Not In a Socialist Regime

SocialismProduction Theory

Blog06/05/2018

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.

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How Sound Economics Birthed the Video-Game Era

The EntrepreneurEntrepreneurshipProduction Theory

Blog01/19/2018
Technological know-how is not enough to make a high-tech endeavor successful.
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A New Collection on Austrian Economics

Calculation and KnowledgeCapital and Interest TheoryOther Schools of ThoughtProduction Theory

Blog01/01/2018
This collection provides an overview of several promising developments relating to core problems in Austrian economics.
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Rick Perry — and His Critics — Still Don't Understand Say's Law

Free MarketsProduction Theory

Blog07/10/2017
How do you do away with a “Law” that had been core to economists’ understanding of the market economy for 150 years? You misrepresent it.
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Bill Gates's Robot Tax Is a Terrible Idea

Capital and Interest TheoryProduction Theory

Blog03/07/2017
Contrary to what Bill Gates thinks, robots don't decrease tax revenue, nor do they condemn us to a future of unemployment.
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The Myth of the Output Gap

InterventionismProduction Theory

Blog06/22/2016

The GDP framework and the output gap is an abstraction that does little more than provide justification for the interventions of government officials.

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Venezuela Shows There's No Shortcut to Economic Growth

Capital and Interest TheoryProduction Theory

Blog06/06/2016

Economic growth is about transforming capital in useful ways. It is not about just making more stuff.

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