Calculation and Knowledge

Recorded at Mises University 2009.

"Mises must be compared to thinkers like Voltaire or Montesquieu, Tocqueville and John Stuart Mill."

"Costs of production do not determine prices of goods. Prices of goods determine costs of production."

If the current level of output and employment is made to depend on inflation, a slowing down in the pace of inflation will produce recessionary sym

Sponsored by the Mises Institute and held in Atlanta, Georgia; 26-27 September 1997.

The idea that expanding and integrating the global marketplace exploits the poor is a myth that causes avoidable misery.

One of the most important principles of economics is that decisions are made at the margin, and one of the key problems in classical economics concerned the source of value.

Building the world’s tallest building has been a matter of particularly bad timing by entrepreneurs.

They are not in fact proposing less intrusive government nudges to replace more intrusive government coercion, but yet still more government on top of what we have today.

"Buy local" is, at its logical limit, a prescription for poverty and starvation.