Mainstream economics maintains that ``public'' goods will not be provided (adequately) by free markets. Rather, if society is to have (efficient amounts of) public goods, government intervention is required. Traditionally, lighthouses, along with national defense, were held up as the...

Is money a producers’ good or a capital good, or is it sui generus, as Mises, Rothbard, and other Austrians have maintained? We argue that all action is either consumption or production, and that exchange is but a form of production. Consequently, all goods are either consumers’ goods or...