Thinking Economically: Only the Market and the Logic of Exchange Create Prosperity
Economics is not a zero-sum game. In exchange, both sides always benefit. Exchange is the soul of the market and creates added value, and does so in a way that benefits everyone involved. A plea for economic enlightenment.
The Discovery of “Capital” in the Economic Ethics of the High Middle Ages
The pioneers of modern economics were moral theologians of the Middle Ages. Petrus Johannis Olivi discovered, among other things, “capital,” the subjective theory of value, and distinguished interest from usury. He thus paved the way for a positive view of commercial activity.
In Our Heads We Are All Marxists—How Marx’s Myths Shape Our Affluent Society
Even though few self-identify as Marxists, many of the Marx’s ideas remain in fashion. In particular, his denigration of capitalists and entrepreneurs as stealing from workers, and his failure to identify their effective beneficence, remain quite popular.