The discussion of what is and what is not inflation has become important among the Austrian economists in their debate regarding free banking with fractional reserves versus banking with 100-percent reserve. Many Austrians also turn to the writings of Ludwig von Mises to find out what he himself...

In his Studies in Philosophy, Politics and Economics (1967, p.168), Nobel Prize laureate Friedrich A. von Hayek explains that “from the first establishment of (trade) which served reciprocal but not common purposes, a process has been going on for millennia which, by making rules of conduct...

The essay examines Schumpeter’s understanding of the capitalist process and develops a critical analysis of his explanation of why capitalism cannot survive. Part I deals with how Schumpeter understood capitalism. Part II studies why — from his point of view — capitalism couldn’t...

This paper develops, from the starting point of a holistic view of self-ownership as "being," a novel theory of property. I target acquisition of landed property, in contrast to the Lockean theory of absolute property and the theory of property as possession, and derive its legitimacy from...

For a long time, I have been writing about the importance of privatizing highways, mainly because of the carnage that occurs on our socialist roads. People die like flies on these statist vehicular thoroughfares, some 40,000 per year in the U.S. alone. My first publication on this topic appeared...