Mises Daily : Mises Institute on Austrian Economics and Libertarianism

The Mystery of the Marginal Pairs

Fri, 10 Feb 2012 01:38:00 -0600

In any given market for a good, there will always be four people whose valuations put them in a special position. Böhm-Bawerk called these four people the "marginal pairs." It is these marginal pairs that directly determine prices. In this article, I will walk the reader through how this occurs.

The Pagan View

Fri, 10 Feb 2012 01:38:00 -0600

Most human beings cling to the ancient superstition that they are not self-controlling and not responsible for their own acts.

Time Is Money: Capital and Interest

Thu, 09 Feb 2012 01:38:00 -0600

Böhm-Bawerk's work inspired a generation.

Will Currency Devaluation Fix the Eurozone?

Thu, 09 Feb 2012 01:38:00 -0600

A policy of currency devaluation can only make things much worse.

The Fed's Quasi-Fiscal Policies

Wed, 08 Feb 2012 01:38:00 -0600

The current policies of the Fed are a sharp departure from the old way of performing monetary policy.