Austrian School – Page 2 – Going Postal

The Fallacy of the Labour Theory of Value in 5 mins

13th November 2018 Shibusa 2212 Comments

The Labour Theory of Value (LTV) has always been of interest to me. It is the theory on which nearly all Marxian school of thought rests – debunk the LTV, and you’ve essentially debunked the [more…]

A Simple Example to Explain Some Austrian Economic Principles

1st November 2018 Patrick Barron 3135 Comments

Simple examples can be used to explain what seem at first glance to be complex economic principles. I’ll use a hypothetical yet commonplace experience to explain how money may be used for only one of [more…]

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