Mises was confronted with many questions concerning the free market economy. However, amongst his many detailed and sensible answers, one of the most telling responses that he ever provided was to the question of how profit could possibly arise in a free market (considering the fact that every factor of production is paid what it is worth to customers). 144 more words
Tags » Free Market
There are over 152 million blogs on the internet. Every half a second, someone in the world starts a new one.
152 million is a staggering number, even when considering there are over 7 billion people on the planet right now. 1,023 more words
Free market economic authodoxy dictates that the market is good and will solve all our problems. I just have a few questions.
1. The trees, bees, pandas, tigers, air, sea and rivers and such that make this rock quite pleasantly habitable for us all currently do not seem to be able to attain a better market rate alive than dead and exported & processed. 482 more words