Production Theory

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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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Technology plus economics plus marketing = business success

EntrepreneurshipProduction Theory

Blog06/01/2007

I've been completely captivated by this series of interviews in which Steve Jobs and Bill Gates are brought on a set together to talk about the history of our times as it concerns technology, and their...

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The Road to Efficiency...

Big GovernmentProduction Theory

Blog05/21/2007

Michael Moore's new documentary romanticizes the enslavement of physicians and other health-care providers by the state. Here's his defense in Time Magazine:

TIME: Of the declared presidential candidates...
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