Production Theory

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Breaking Bad Habits A Century Later

Media and CultureInterventionismProduction Theory

Blog09/03/2007

Paging through The Last Knight, Guido Hülsmann summarizes the dismal conditions, the zeitgeist of the tertiary educational system Mises endured at the University of Vienna:

The lectures were...
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Thomas Friedman on Addicted to Oil

The EnvironmentCalculation and KnowledgeProduction Theory

Blog08/21/2007

I recently saw Thomas Friedman's "Addicted to Oil" documentary on YouTube. A few nits to pick. First, of course, he unquestioningly buys into the global warming hype as one of the reasons we need to "do something." Second, he uncritically...

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Production Theory Quote of the Day

Production Theory

Blog08/15/2007
Production functions aren't given. They have to be discovered. This is what entrepreneurship is about; the superiority of Austrian over neoclassical economics lies in seeing this fact.

That's Chris Dillow,...

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The Can't-Do Government

Big GovernmentProduction Theory

Blog08/05/2007

On The Washington Post, John McQuaid has determined that the United States is now the can't-do nation. He starts by mentioning the recent bridge collapse in Minneapolis and...

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Nationalizing the Wine Industry

InterventionismProduction Theory

Blog07/17/2007

Since we know the monstrosities associated with government buildings, monuments, and state-built cars, surely then, we can imagine a Europe with a nationalized wine industry. Don't laugh; the European Union's top agricultural official...

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Economist Humor: Leisure vs. Work

Production Theory

Blog07/17/2007

"180 Trillion Leisure Hours Lost To Work Last Year," says The Onion. The article actually presents some fundamental problems of scarcity in rather interesting ways. Why do we only think in terms of work-hours...

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Ethanol and food costs

Production Theory

Blog07/12/2007

http://www.denverpost.com/business/ci_6336532

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Just Print the Necessary Funds

Media and CultureTaxes and SpendingProduction Theory

Blog06/18/2007

Over the weekend I watched "Flags of our Fathers" and one quote stuck out (among others). It comes from a Treasury Department official (Bud Gerber) who is trying to convince the flag raisers of Iwo Jima to use their celebrity...

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Paid statutory holiday

Global EconomyProduction Theory

Blog06/06/2007

You know, socialist governments are just so sweet. They pay people to take vacations, and surely no one can complain about that! And just look at the US in this chart: not a single paid vacation day is...

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