Austrian School – Page 2 – Going Postal

The Fallacy of the Labour Theory of Value in 5 mins

13th November 2018 Shibusa 0

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 0

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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