Home / Austrian Economics

3D Printers vs. Patents

Written by Gary North on September 10, 2016

We know about 3D printing. It is in its primitive phase. Think about this technology 30 years from now. Of course, your guess will look silly in retrospect — primitive. People invent things. They apply for patents. Governments issue them. They grant a monopoly of manufacture for about 15 years. The inventor can license his […]

Continue reading →

Video: The Magnificent Tenacity of Ludwig von Mises

Written by Gary North on July 30, 2016


This is my presentation at Mises University, the week-long conference for undergraduates. It is sponsored yearly by the Ludwig von Mises Institute. Here, I survey the remarkable legacy of Professor Mises. He hit many brick walls. None of them stopped him except death. He died on October 10, 1973. It seemed to be the low […]

Continue reading →

Christian Economics in One Lesson, II: 6: Money

Written by Gary North on May 7, 2016


And Abram was very rich in cattle, in silver and in gold (Gen. 13:2) The Hebrew word for silver is frequently translated as money. In biblical times, the precious metals served as money. They were also regarded as signs of wealth. Abram’s case is obvious. Abram was rich. The text tells us what his wealth […]

Continue reading →

Exploitation and Knowledge

Written by Gary North on March 12, 2016


The profit motive: everyone knows that the free market economic system operates in terms of the profit motive. The trouble is, hardly anyone understands where profits come from. This includes the businessmen who make them. This failure to understand the source of profits has given a real advantage to the critics of the market. When […]

Continue reading →
Page 1 of 8123456»...Last »