Financial MarketsMonetary Theory
Works Published inMises Daily Article
Gary M. Galles is a professor of economics at Pepperdine University. He is the author of The Apostle of Peace: The Radical Mind of Leonard Read.
Big GovernmentMedia and CulturePolitical Theory
Winning support in newspapers’ editorial headlines is not the same thing as constitutional justification.
HealthTaxes and Spending
Those pushing Medicare for All rely on the presumption that it will generate huge administrative efficiencies. But they greatly underestimate the program's real administrative cost.
The EnvironmentProduction TheoryValue and Exchange
The concept of "productive complements" shows us how capitalists have long sought to make as much use as they can of every part of the materials they use to make goods.
For example: Nonviable babies who die quickly after birth are recorded as live births in the U.S., but are more likely to be classified as stillbirths in other countries.