Tag Archives: wages

“San Bernardino of Siena: Economics and the Entrepreneur”

FREE MARKET ECONOMIC THOUGHT in CHRISTIAN HISTORY By Murray N. Rothbard The most notable development in the historiography of the Austrian School of economics (Menger, Böhm-Bawerk, Mises, Hayek) in the post-World War II era has been the drastic re-evaluation of … Continue reading

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The Injustice of Just Price, Just Wages, Just Compensation, and Value Theory

Labor and Unequal Exchange By Timothy D. Terrell  [Recently] I attended a conference on Christianity and economics at Baylor University. I presented a paper of my own, on the necessity of the price system to environmental stewardship, but mostly I … Continue reading

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The Industrial Revolution and the Standard of Living

Industrial Revolution and the Standard of Living By Clark Nardinelli  Between 1760 and 1860, technological progress, education, and an increasing capital stock transformed England into the workshop of the world. The industrial revolution, as the transformation came to be known, caused … Continue reading

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Information, Prices, and Socialism’s Flaws

  Information, Prices, and Socialism’s Flaws Morgan Rose Prices are arguably the most fundamental variables in economics. They enter into virtually every economic analysis, and predictions about their values are made in all manner of economic research, from highly esoteric … Continue reading

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