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Warum kommt es zu Finanzkrisen? Warum sind die Reichen reich und die Armen arm? Wie funktioniert Geld? Woher kommt das Wachstum? Schon Kinder stellen diese Fragen - aber die Ökonomen können sie nicht beantworten. Ihre theoretischen Modelle haben mit dem realen Kapitalismus nichts zu tun....
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"Law is to society as gravity is to the solar system, it is the invisible force that holds it together and keeps it operating smoothly and productively. Law enhances social cooperation, facilitates trade, and extends the market. In these ways, law functions like Adams Smith's invisible hand,...
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"Ever since the time of his early interpreters, beginning with David Hume, Adam Smith's theory of value has been the subject of confusion and misunderstanding - including a controversy which still rages over whether Smith held a labour theory of value, and, if so, whether he held to it...
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