My Case against Minimum-Wage Laws

We often hear these minimum wage laws are well intentioned. I cannot agree. Minimum-wage laws are evil in their methods (coercion) and evil in their goals (to make people believe they’re dependent on government).  Original Article: “My Case against Minimum-Wage Laws” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Source link

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Why Capital Goods Are the Key to Economic Progress

[This article is excerpted from chapter 18 of Human Action] If one were to measure the length of the period of production spent in the fabrication of the various goods available now, one would have to trace back their history to the point at which the first expenditure of original factors of production took place. One would have to establish when natural resources and labor were first employed for processes that — besides contributing to the production of other goods — also contributed ultimately to the production of the good…

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Matt McCaffrey: Austrian Business Strategy (Part 2): Principles

Austrian economics helps entrepreneurs to develop and implement more effective business strategies, and to open up streams of continuous innovation. As Joe Matarese, CEO of Medicus Healthcare Solutions, said about Austrian economics in relation to business: It just works (see Mises.org/E4B_126). In episode #127 (Mises.org/E4B_127), Matt McCaffrey outlined the Austrian strategy process of Explore and Expand, and its logic development. This week, he helps us dig deeper to identify the principles of Austrian economics that underpin our distinctive approach to business strategy. Key Takeaways and Actionable Insights Realism: real people,…

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Jan Tinbergen, Pioneer of Central Planning

Once in a blue moon, the Austrian school attracts the attention of serious scholars outside of its tradition. In the months after Janek Wasserman at University of Alabama published The Marginal Revolutionaries in 2019, lots of Austrians revisited the old masters and the fin-de-siécle Vienna from which they stemmed: they found lots to like and even more to dislike, but it was still a contribution from which we could learn a thing or two. An even wider attempt was made by Erwin Dekker of Rotterdam’s Erasmus University when he published…

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