Production Theory

Presented at the Austrian Scholars Conference 2008.

To recap, what then we find is that not only does the availability of financial capital become wholly divorced from the extent of the pool of physical capital goods; not only does much of that pool become misused (and, hence, ultimately, stripped of its original "capitalness"); but that the wellspring of capital maintenance and augmentation — namely, voluntary saving — is concreted over to provide a gaudy, Baroque fountain of greater exhaustive consumption.

Here is a howler from

The falling US dollar eats away at foreign workers' savings as the money is converted to their national currencies, but, more important, it discourages people leaning towards employment in the outsourced sector.

While the politicians run around the country telling us of their plans to make our lives better--what wizar

I have begun a self-imposed "cognitive therapy" to stop letting thoughts of sunk costs undermine my enjoyment of life

The coercive recycling structure is set up in layers, where the consumer (”producer” of waste) gets to do most of the work of sorting,

It is not a good thing to destroy wealth.

By distorting relative prices and insisting on inefficient workplace rules, they certainly hamper the economy, no question about it. But it is wrong to blame unions for rising prices.

Increased capital in proportion to labor is the only means of producing more without the number of workers increasing.