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George Reisman

Tags Capital and Interest TheoryMonetary TheoryPricesPrivate Property

Works Published inSpeeches and PresentationsMises Daily ArticleThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsThe Free MarketAustrian Economics NewsletterArticles of Interest

George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics and the author of Capitalism: A Treatise on Economics (Ottawa, Illinois: Jameson Books, 1996; Kindle Edition, 2012). See his author's page for additional titles by him. His website is and his blog is

All Works

Shareholders, Not "Stakeholders"


In a world in which there are men and women who do not know to which sex they belong, it should not be surprising that there are corporate CEOs who do not know for whom they work.

Last month, the CEOs of 181 major corporations agreed that they no longer work simply for their stockholders...

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We Need Markets to Cope with Climate Change


The enviro-socialist “climate emergency” crowd was busy earlier this month trying to launch the human equivalent of a cattle stampede by getting people to plunge into socialism to avoid bad weather.

There were headlines such as “Greenland is on track to lose most ice on record this year...

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The Wealth of the Wealthy


The Walton family (the owners of Walmart) is currently worth about $190 billion. The Koch Brothers and Mars families (candy bars) are both worth over $100 billion. Such facts are intolerable to socialists, communists, “progressives,” and, sad to say, today’s Democrats.

Senator Bernie...

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Marx and His Exploitation Theory

07/05/2019Power & Market
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The Irrelevance of “Worker Need” and “Employer Greed” in the Determination of Wages

Labor and Wages


In the conditions of a labor shortage, which necessarily materializes if wage rates go below the point corresponding to full employment, the payment of higher wages provides exactly the same benefit to employers.

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