George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Showing posts with label Quantity of Money. Show all posts
Showing posts with label Quantity of Money. Show all posts
Monday, January 10, 2011

WHERE PROFIT COMES FROM

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Labor unions like to argue that the payment of higher wages is to the self-interest of employers because the wage earners will use their hig...
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